Best Children’s Mutual Funds
Children’s funds are solution-oriented schemes with a five-year lock-in (or until the child turns 18), typically blending equity and debt to fund education and other milestones.
Top children’s mutual funds by 3Y returns
10Direct plan, Growth option — ranked by 3-year CAGR. Open a fund for NAV history, rolling returns, risk metrics and peer rank.
As of 20 Aug 2026, SBI Children's Fund - Investment (Direct plan, Growth option) leads children’s mutual funds on 3-year CAGR at +22.90%, followed by ICICI Prudential Children's Fund at +14.62% and Aditya Birla Sun Life Bal Bhavishya Yojna at +13.50%. Across 12 children’s mutual funds the category averaged +11.91% over three years, at an average expense ratio of 1.46%. All figures are computed from public AMFI NAV history and recomputed daily; past returns do not predict future ones.
| 1 | SBI Children's Fund - Investment SBI | ★★★★★ | +19.0% | +22.9% | +22.6% | 1.07% | ₹6,212Cr |
| 2 | ICICI Prudential Children's Fund ICICI Prudential | ★★★☆☆ | -0.7% | +14.6% | +13.2% | 2.36% | ₹1,401Cr |
| 3 | Aditya Birla Sun Life Bal Bhavishya Yojna Aditya Birla Sun Life | ★★★☆☆ | +7.9% | +13.5% | +11.4% | 1.08% | ₹1,174Cr |
| 4 | SBI Children'S Fund - Savings SBI | ★★★★★ | +9.7% | +12.0% | +11.1% | 0.92% | ₹138.39Cr |
| 5 | LIC MF Children's Fund LIC | ★☆☆☆☆ | +9.7% | +11.6% | +9.7% | 2.12% | ₹14.96Cr |
| 6 | Axis Children's Fund Axis | ★★☆☆☆ | +3.7% | +10.5% | +8.1% | 1.47% | ₹905.54Cr |
| 7 | UTI Children's Equity Fund UTI | ★★★☆☆ | -2.3% | +10.2% | +8.8% | 1.26% | ₹1,093Cr |
| 8 | HDFC Children's Fund HDFC | ★★★★☆ | +0.9% | +9.8% | +11.6% | 1.02% | ₹10,575Cr |
| 9 | UTI Children's Hybrid Fund UTI | ★★☆☆☆ | +1.2% | +7.7% | +7.4% | 1.48% | ₹4,332Cr |
| 10 | Tata Childrens Fund Tata | ★☆☆☆☆ | -7.5% | +6.2% | +8.2% | 1.84% | ₹329.57Cr |
NAV data as of 20 Aug 2026. Returns are CAGR for periods ≥1 year, computed from AMFI NAV history. Ratings are WealthTicker’s own, ranked within sub-category peers — not a SEBI or agency rating. See our methodology for every formula. This is data, not investment advice.
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Understand children’s mutual funds
Frequently asked questions
What are children’s mutual funds?
Children’s funds are solution-oriented schemes with a five-year lock-in (or until the child turns 18), typically blending equity and debt to fund education and other milestones.
Which is the best children’s fund right now?
SBI Children's Fund - Investment by SBI currently ranks first among children’s mutual funds by 3-year CAGR at +22.90%. Rankings move with NAVs — past returns don't guarantee future performance.
What returns have children’s mutual funds given?
The category has averaged +4.62% over 1 year, +11.91% annualized over 3 years, +11.21% annualized over 5 years — peer averages over the live funds in the category, computed from AMFI NAV history.
How are children’s mutual funds taxed?
It depends on what the individual scheme holds, not on the category. A scheme holding more than 65% in Indian equity is taxed as equity (20% short-term, 12.5% long-term above ₹1.25 lakh a year); one holding more than 65% in debt is taxed at your slab rate whatever the holding period; anything in between is taxed at slab within 24 months and 12.5% after. Each fund's page states which rule applies to it.