MYTH-56. CHILDREN MUTUAL FUND SCHEMES ARE IDEAL FOR THEIR FUTURE

1. Children mutual fund schemes work like any other mutual fund scheme, and their returns depend on the performance of the markets.

2. Most of these schemes are long-term, which means the portfolio will be heavy on equity.

3. Short-term schemes will be more into debt.

4. None of these schemes assure their returns.

5. Treat these funds like any other - compare their returns, risk and performance before investing.