The sooner you start investing in your child, the better. All investment schemes related to children have high returns in the long run. But which scheme to invest in?
best investments for children
Everyone wants to ensure that their children do not get any deficit. All they bring before asking. Parents who are very careful in everything, are a little behind in the future planning of their children. The reason is lack of proper understanding. Usually for saving tax..and also for getting various benefits during retirement mostly different In investment schemes Investing. But they forget to save money for their children’s future. Someday the children will realize after they grow up.. then they will start. But the sooner you start investing in children, the better. All investment schemes related to children have high returns in the long run. If the schemes are started when the children are young, they can get a good amount of returns at the time of their higher education and marriage. But which scheme to invest in? Which one has higher returns? Which scheme has more benefits? Let’s find out..
Sukanya Samriddhi Scheme
Sukanya Samriddhi Yojana is a central government scheme for girls. In this till your daughter reaches 10 years of age, you can open an account in any post offices or banks. For this scheme every year minimum Rs. 1000 to a maximum of Rs. You can invest up to 1.5 lakhs.
Sovereign Gold Bonds..
Gold is always the best hedge against volatile equity markets. To eliminate the risk associated with storing gold in physical form, experts advise against investing in actual gold. It is suggested to invest in gold exchange-traded funds or e-gold instead.
Recurring, Fixed Deposits..
These FDs, RDs are among the best schemes you can start for your children. Although these may give you lower returns than a market-linked investment, they are almost risk-free. So they are the best investments for your children.
Public Provident Fund..
If you invest in a fund with a lock-in period of 15 years then your best investment is in your public provident fund. Must be at least Rs. Also remember to invest Rs.
National Savings Certificate
A savings bond scheme called National Savings Certificate encourages investors, mainly low to moderate income earners, to invest while availing Section 80C tax benefit.
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