Most parents think that where to put money for their dear daughter, which can be saved for them in the future. There are many investment schemes in today’s time, which are being sold, talk about investment for children, there are many safe investment plans, including equity mutual funds, systematic investment plans or SIP. Here, you are talking about three such schemes which can be more beneficial for girls and can be financially helpful in the future.
Sukanya Samrudhi Yojana – This is one of the best investment plans available in the country for a variety of reasons. First of all, it is that it receives an interest rate of 8.1 percent per annum, which is the highest in the schemes provided by the government. The second is that this amount is tax free. The third benefit is that the investment qualifies for tax exemption under Section 80C of the Income Tax Act. If it is a matter of investment for daughters, then this is the best scheme. If you are the daughter’s daughter then you should think about this plan once. In this we can deposit a small amount of minimum Rs.1000 and up to Rs.150,000 in maximum of one financial year. Deposits are accepted in the mathematical ratios of 100 rupees. Deposits can also be done in one lump sum and there is no limit to depositing money in one month or financial year. Banko also has the highest interest rate to be given.
The PPF-Public Provident Fund is helpful in making a corpus for your spouse. The amount received here is also tax free and the investment qualifies for tax exemption under Section 80C of the Income Tax Act. The increase in interest rates is 7.6 percent and it can not be considered the best. With the PPF term of 15 years, a girl’s parents can help in making investment corpus. But if you compare the Sukanya prosperity account, then the PPF is not a good investment, because the interest rates available in it are very low. So if you have a daughter, then Sukanya Samrudhi Yojana is the best option for you.
Mutual Fund SIP – If you are willing to take risk, then you have to invest in equity mutual fund SIP. In the long run, SIP has made a very good return. But there is no certainty that if you go ahead, you will get the money you want in it. You may have to incur any risk in this, but returns can also be higher. Therefore, always advise the investor to get the right advice before investing and invest with caution. We should not be tempted to see the ads shown.
Our post does not compel you to buy or sell any kind of investment plan, shares and financial plans. Only invest the right information on the basis and keep your money safe.