Child Investment Options: Children are an important part of every parent’s life. If you also have a dream to give a secure future to your children so that you have enough money at the time of child’s higher education or marriage, then this news is useful for you. In this news, we are giving you some great investment information, with the help of which you can improve the future of your children.
To secure your child’s future, you should invest based on his age and life goals. The investment portfolio should be reviewed regularly. You have to keep in mind inflation, life goals, risk appetite etc., so that you can create a better future for him.
Fixed Deposit Scheme
Investing in Fixed Deposit Scheme is a great option for a better future for children. You can invest in this from 7 days to 10 years. You can invest in FD scheme for a long period of 10 years for the future of children. Some banks are offering interest rates ranging from 2.90 percent to 5.50 percent on FDs ranging from 7 days to 10 years.
public provident fund
Public Provident Fund is a good option for long term investment for children. You can invest in Public Provident Fund for your minor child. In this you get a return of 7.1 percent. You can invest in this for a period of 15 years. On investing in this, you get the benefit of exemption under Section 80-C of Income Tax.
If you can make money by investing in Market Risk Investment Scheme. Which you can use for kids. That is, you have to invest in Mutual Funds. SIP of mutual funds is a great investment. You can invest in this scheme with a SIP of Rs 100. With which you can create a fat fund.
Sukanya Samriddhi Yojana
You can invest in Sukanya Samriddhi Yojana for girl child. By investing in it, you get a return of 7.6 percent. In this scheme, investment is made for the girl child from 0 to 10 years. Investment in this scheme can range from Rs 250 to Rs 1.5 lakh annually. After 18 years of the girl child, she can withdraw from the account. On the other hand, after the age of 21 years, the girl child can withdraw all the money deposited in the account. By investing in this scheme, you get exemption under section 80C of income tax.
Recurring Deposit Scheme
Post Office’s RD means Recurring Deposit Scheme. An account can be opened for 5 years under this scheme in any post office. In this you get 5.8 percent interest rate. This interest is available on a quarterly basis only. This account can also be opened for Rs 2,000. In this case, you will invest Rs 1 lakh 20 thousand in 5 years. Also, you will get a hefty amount in just 5 years. If you want, you can make premature withdrawal of the money deposited in the account after 3 years. You can use this money for children’s education.
sovereign gold bond
Gold has emerged as the best option against inflation. You can invest in Sovereign Gold Bond. You get interest on MRP and capital appreciation at the rate of 2.5 percent per annum. You can also invest in Gold ETF through SIP mode.
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