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What is a Mutual Fund - by Wall Street SurvivorPopular Childrens Mutual Funds � SBI Magnum Children's Benefit Fund - IP - Dir Growth � ICICI Pru Child Care Fund-Gift Plan - Direct � HDFC Children's Gift Fund. Mutual funds for children which are marketed as a gift are also tax exempted. Tax is levied only when the funds mature, and the amount is disbursed. The charges. At Old Mutual, we offer a variety of education plans to help your kids succeed at life - whatever they want to be when they grow up.
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