SECURING YOUR CHILD'S FUTURE
LOOK AT THE TOP 5 INVESTMENT OPTIONS THAT YOU CAN CONSIDER
Published By Livemint
| 05 Dec, 2022
Smart investment can help parents prepare for their children’s future needs
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A low-risk, decent return paying small savings scheme for parents of a girl child
1. Sukanya Samriddhi Yojana
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Applicable for girls and boys, PPF can be opened with a min of ₹100. It offers tax-free interest
2. Public Provident Fund
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Offer higher returns than savings, but bear market risks. Risks are lower over long term
3. Child-specific equity mutual funds
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Term insurance plan for parent can get child/family lump sum amount in misfortunate events
4. Term Insurance plan
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Gold ETF is investment in Gold in paper format. A good hedge against inflation, it also beats the risk of theft
5. Gold ETFs
We advise investors to check with certified experts before taking any investment decisions
Disclaimer
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