Prabhu Capital has started Prabhu Little Champ PMS scheme targeting young children up to the age of 16 years.
Under this scheme, parents of newly born children to 16 years olds can begin portfolio management service of their children in order to initiate saving for the secure future of their children, as per the media statement.
Moreover, the merchant bank will sponsor the education of children from financially challenging families for the subscription of every PMS service, as per the media statement.
Following are the special features of this PMS scheme:
*Minimum five years of investment window
*Annual return of 8%
*Annual service charge 2%
*20% Service charge in profit amount
*Lock in period of 5 years
*3% penalty charge in case the plan is closed before lock in period