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Secure your Daughter’s future: Top 10 investment plans for girl children in India

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Ensuring a secure future for a daughter is every parent’s utmost priority. From education to marriage, every parent dreams of providing the best for their daughter. One crucial step in securing her future is to invest wisely in avenues that offer both security and growth. In India, there are various child investment plans tailored to meet this objective. Let’s explore the top 10 saving schemes for a girl child that every parent should consider:

Sukanya samriddhi yojana (SSY):

SSY is a government-backed scheme designed to encourage parents to save for their daughter’s future. With attractive features like a high-interest rate of 8% p.a. and tax benefits under Section 80C, SSY offers a secure and tax-efficient way to build a corpus for your daughter’s future.

Post office term deposit (POTD):

POTD is another reliable investment option available at post offices across the country. With a lock-in period of 5 years and competitive interest rates, POTD provides a safe haven for your investment while offering tax benefits under Section 80C.

Post office recurring deposit (PORD):

PORD is an excellent choice for parents looking for a disciplined way of saving for their daughter’s future. With a minimum monthly deposit of just Rs. 100, PORD offers flexibility and security, making it an ideal investment avenue for girl children.

National savings certificate (NSC):

NSC is a popular savings scheme known for its safety and guaranteed returns. With a tenure of 5 years and attractive interest rates, NSC provides a risk-free investment option for parents seeking to secure their daughter’s financial future.

Public provident fund (PPF):

PPF is not only a tax-saving instrument but also a long-term investment option for your daughter’s future. With a minimum tenure of 15 years and tax-free returns, PPF offers stability and growth potential, making it an ideal choice for parents planning for their daughter’s future needs.

Children gift mutual fund:

Designed specifically for accumulating a corpus for your daughter’s future, children’s gift mutual funds offer the dual benefits of equity and debt investments. With a lock-in period until your child turns 18, these funds provide an opportunity for long-term wealth creation.

Mutual funds via Systematic investment plan (SIP):

SIPs offer a disciplined approach to investing in mutual funds for your daughter’s future. With the flexibility to invest small amounts regularly and the potential for higher returns through rupee cost averaging, SIPs are an excellent choice for long-term wealth creation.

Gold ETFs:

Gold ETFs provide a convenient and cost-effective way to invest in gold for your daughter’s future. With the advantage of liquidity and no storage hassles, Gold ETFs offer a diversified investment option for parents seeking to secure their daughter’s financial future.

Unit linked insurance plans (ULIP):

ULIPs combine the benefits of insurance and investment, offering financial protection and wealth creation for your daughter’s future. With child ULIPs providing triple benefits, including continuity in investment in the absence of the parent, ULIPs are an attractive option for long-term financial planning.

Fixed deposit:

Fixed deposits are a traditional yet reliable investment option for securing your daughter’s future. With flexibility in terms of tenure and interest payout options, fixed deposits offer stability and assured returns, making them a preferred choice for risk-averse investors.

Securing your daughter’s future requires careful planning and prudent investment decisions. By opting for the right combination of investment plans mentioned above, you can build a robust corpus to fulfill your daughter’s aspirations. However, it’s essential to conduct thorough research and seek professional advice before making any investment decision.

Investing in your daughter’s future today will pave the way for a brighter tomorrow.

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