Charges for Fidelity India Children's Plan: Exit Load, Entry Load

This is the last part of our series on Fidelity India Children's Plan - Part II. If you've not read the prevous parts, please read them before continuning with this final part.
Charges for Fidelity India Children's Plan:
What are the Entry Load Charges for Fidelity India Children's Plan?
It appears that there are no entry load - like a standard mutual fund regulation which has come in recently. However, investors must check if there is any before making any investment. Nothing is mentioned in the one pager from fidelity about entry load or other charges.

What are the Exit Load Charges for Fidelity India Children's Plan?
Heavy and Heavy Charges if you exit sooner - the sooner you exit, the more charges you pay.
Let's see:
For Education and Marriage Fund, Exit in less than a year will cost you 3%, within 2 years will cost you 2%, within 3 years it will be 1%.
Their idea is to have investors invest their money for long term, so high exit charges. But that's their idea - does it fit your investment requirement?

For Savings Fund, within 1 year exit will cost you 0.5%
Investors can get more info by calling on Fidelity Toll Free no. 1800-2000-600

ANy tax benefit available in Fidelity India Children's Plan
No. You will not be able to save any tax for investments made in Fidelity India Children's Plan.

Final thoughts about Fidelity India Children's Plan?
This is a fund of funds scheme.
Loads of variety, investors have options to switch, but then overall it is nothing more than a mutual fund.
The advertising and the naming of the product is for specific purpose - "To meet the future expenses of your child". You know that the expenses are guaranteed and they are not fixed, but high cost variables. No one knows how much a marriage will cost 15-20 years in future.
However, although this product is being named and advertised for definite purposes - returns, infact, nothing is guaranteed.
Will the returns from the marriage fund after say 15 years of investments be definitely sufficient for marriage of your kid? Not sure.
Will the returns from the marriage fund after say 15 years of investments be definitely sufficient for medical education of your child? Again, not sure.
So, it all depends upon the market and the returns from the invested products which will be managed by the Fidelity Fund Managers.
No tax benefit is available, so no savings there either.
If you trust the fidelity fund managers and are fine with the investment horizons and the charges (if any), then investors can take a call to invest in this fidelity fund.

As an alternative, if things are based on market returns, why not invest in the markets directly through ETF's or Exchange Traded Funds? Here is An example of Nifty 50 based ETF and Nifty Junior ETF with returns calculation. Similar investments can be made in Gold based ETF's See list of Gold Based ETF's available in India