5 Best investment plan gives good returns for daughter child in India 2022

5 Best investment plan gives good returns for daughter child in India 2022

In the present day, there are many places in India where the male-female ratio is less than the requirement. Despite this, even today incidents like female feticide keep happening.

Today’s Various schemes have been started by the government to curb this incident and to make girls self-reliant.
If you also have a daughter, then it is your responsibility to provide her with a secure financial future.

5 Best investment plan gives good returns for daughter in India 2022

Any parent makes every effort to make their child financially capable. It also includes choosing better career options with higher education and facing emergencies.
It is necessary to look for such options which will provide complete financial support.

Investment Plans for Girl Child

In India, every parent who has a daughter has to prepare a plan for the future. In which education and career plans are included. When it comes to the daughter’s marriage, they must think about saving for the daughter’s wedding expenses.

According to the tradition of India, the cost of a marriage has to be borne by the bride. Simply put, a good investment plan is essential to ensure your daughter’s financial security and bright future. There are many options for financial investment for daughters in our country.

1. Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana is the best financial investment scheme for girls. It is a government-sponsored investment option. Under this scheme, a parent can invest in his two daughters.

  • The girl’s age should be less than 10 years to open an account in this. In this, there is a provision of investment for 15 years from the date of opening of the account. You can deposit a minimum of Rs 250 and a maximum of Rs 1,50,000 per year in the account.
  • It is mandatory to deposit the minimum amount, then a penalty of Rs 50 has to be paid. The account can be closed on completion of 21 years from the opening date.
  • You need more money for higher education, marriage expenses according to the rules, you can withdraw up to 50 percent of the deposit amount. 
  • This plan is the best option for risk-free investment with tax benefits and average returns.

2. Mutual Funds

It is a good option in the investment schemes for girls in our country. A mutual fund means a systematic investment scheme in which parents can invest at intervals to build a corpus for their daughter.

  • You will get a profit by investing in it as soon as the daughter is born. Mutual funds are long-term funds. The investment period in this is 10 years.
  • In this fund, many options are prepared to keep in mind the children. And they invest the money in a well-planned combination of debt and equity. The capital is thus protected, and the returns are moderate to high.
  • This investment option can give annual returns between 10 to 15 percent. But these funds do not help you much in getting tax benefits. Market risks are involved in this, so it is advisable to take the help of the right investment advisor and do thorough research before investing.

3. Public Provident Fund

This fund is also a good investment scheme for daughters. Because in this the capital is safe. If you start investing in this scheme while your daughter is a newborn, the fund will increase in 15 years.

  • Along with this, compounding of interest will also benefit. The scheme is a government-backed investment option with a tenure of 15 years.
  • Its interest rate is 7.9 percent, that’s exempt from tax under section 80C of the Income Tax Act.
  • The minimum deposit amount in this 1 year is Rs 500, and the maximum is Rs 1,50,000. 

4- Instant child plan

In many insurance plans, the child is paid in case of the sudden demise of the parent. If the policyholder dies, all remaining premiums are waived off.

In such a situation, the insurance company continues to invest the amount for the child. The return that comes from investing this amount is paid to the child from time to time.

It is done there is no problem in the upbringing and education of the child.

It is advisable to do market research and consult with an investment planner before choosing any insurance plan. Doing so will help you choose the best insurance plan for the child.

5- Recurring Deposit and Fixed Deposit

Recurring deposits and fixed deposits are safe and risk-free investment options for your daughter. Both these schemes have assured returns with zero risk.

Under this, you can invest a specific amount and avail a fixed interest on that amount. After the completion of the tenure, the investor will get the capital and interest. If we talk about the difference between both the schemes, then there is a need to deposit a certain amount in a fixed deposit at a time.

  • Recurring Deposit you need to deposit a fixed amount at regular intervals. The interest rate for 1 year in FD ranges from 5.25 percent to 7.9 percent.
  • At the same time, the interest rate of 1 year for RD ranges from 6.25 percent to 7 percent. Following the rules of RBI, each bank and financial institution decides these interest rates accordingly.
  • Every parent wants to ensure that their daughter has a secure financial future by investing in various schemes.

You can decide which plan”5 Best investment plan for child daughter” is the right one to choose by doing thorough research on all the investment options available for daughters in India. So that you can get maximum benefit.

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