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Options
- A
Units are locked in for 5 years or till scheme maturity, whichever is earlier
-
Units are locked in for 5 years or till age of majority, whichever is earlier
Correct answer
- C
Units are locked in for a minimum of 5 years and maximum of 10 years
- D
Units are locked in for 5 years before child’s majority
Why this is the answer
Children’s funds are solution-oriented schemes that carry a mandatory lock-in period of five years or until the child attains the age of majority, whichever occurs earlier, as prescribed by SEBI.
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