Top 5 Children’s Investments You Should Make

People invest for a variety of reasons, such as tax savings, retirement benefits, or any other contingent liability, but they frequently fail to invest for their children. The most important and widely accepted financial maxim is that you should start investing as soon as possible in order to maximize your long-term returns. As a result, if you start investing for your child’s future now, you may be able to cover all of his or her future costs and obligations.

Investment In Sukanya Samriddhi Scheme:

Sukanya Samriddhi, an Indian government program, encourages parents to save money for their daughters. You can open the account at any post office or bank until your daughter reaches the age of ten. The annual minimum and maximum deposits for this scheme are Rs. 1,000 and Rs. 1.5 lakh, respectively.

Investment In Sovereign Gold Bonds (SGB)

For a long time, gold has been regarded as the best hedge against volatile and anti-equity markets. To avoid the risks associated with gold storage, experts advise against investing in physical gold. Instead, they advise investing in gold exchange-traded funds, or E-Gold.

Investment In Recurring and Fixed Deposits

RDs and FDs are two of the less risky investments you can start for your children. Although they provide a lower return than any market-linked investment, they are likely the best investments for your children because they are almost risk-free.

Investment In PPF

Your public provident fund investment could be your best investment if you invest in a fund with a lock-in period of 15 years. You should also keep in mind that in order to receive a reasonable return on your investment, you must invest a minimum of Rs. 1 lakh per year.

Investment In The National Savings Certificate

The National Savings Certificate is a savings bond scheme that encourages investors, primarily those with low to moderate incomes, to invest while benefiting from Section 80C tax breaks.

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