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March 2011

Mutual Fund Scheme for Children

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Question: The XYZ AMC has come out with a fund for children; ‘The XYZ Children’s Plan’. Do you think this is good fund to invest?

Mr. Gerard Colaco: ‘The XYZ Children’s Plan’ is a good fundNOT to invest in. This is a classic case of how an otherwise good Asset Management Company (AMC)/Mutual Fund can come out with a lousy investment product just to appeal to parental emotions to increase its Assets Under Management (AUM).

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