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
Credit : pexels
A low-risk, decent return paying small savings scheme for parents of a girl child
1. Sukanya Samriddhi Yojana
Credit : unsplash
Applicable for girls and boys, PPF can be opened with a min of
₹
100. It offers tax-free interest
2. Public Provident Fund
Credit : pexels
Offer higher returns than savings, but bear market risks. Risks are lower over long term
3. Child-specific equity mutual funds
Credit : pexels
Term insurance plan for parent can get child/family lump sum amount in misfortunate events
4. Term Insurance plan
Credit : pexels
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
Credit : unsplash
CLICK FOR MORE VISUAL STORIES