By Admin 
Investment For Children’s Education: The cost of children’s education is increasing every year and that is why parents have started planning early. Fees for streams like medical, engineering, management or studying abroad are increasing so fast that just saving does not work. The real difference here is the right investment. If the child is small then even by starting with a small amount a bigger fund can be made in future. You just have to decide in which option the money should be invested. Some plans are safe, some give better returns, and some are specially designed for the education of daughters. Let us see which option fits your needs better.
PPF stable return option
PPF has long been considered a reliable investment because here your hard-earned capital remains safe and the interest rate is decided by the government. This is perfect for parents who prefer a risk-free approach. The lock-in is of 15 years, so this is a good option for long-term goals like children’s education. By investing continuously, it becomes a good fund till maturity.
At present it is getting 7.1 percent interest. Investment can be started with a minimum of Rs 500 annually and the maximum limit is Rs 1.5 lakh. Even after maturity, the account can be extended in blocks of 5 years. Tax benefit is also available.
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Mutual Fund Smart Growth Plan
If you want to prepare a big fund for children’s education. So mutual fund SIP is a wise option. Returns depend on the market. Therefore there is risk also. But compounding balances this risk to a great extent in the long run. SIP can grow rapidly in 10 to 15 years and can make big expenses easier.
Starting with a small investment and the facility to increase the amount every year makes it even better. Parents who can tolerate some market fluctuations and have a long-term perspective. This is a great choice for them. The market will go up and down. But there are equal opportunities for growth. Therefore, this is a good way to create funds for children’s education.
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Sukanya Samriddhi Yojana best for daughters
If there is a daughter in the house then Sukanya Samriddhi Yojana is one of the most beneficial schemes. It is safe and currently gives a high interest rate of 8.2 percent. The account is opened in the name of a daughter below 10 years of age. The investment period is 15 years and the account matures in 21 years. Minimum Rs 250 and maximum Rs 1.5 lakh can be deposited annually. The returns received can cover a large part of the daughters’ higher education. Tax benefits are also available and there is no risk at all. Therefore, this plan is considered best for parents who want to create a future fund for their daughters.
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