Top 5 Investment for Your Child
Top 5 Investments For Your Child

Children’s Day holds a special place in the heart of parents and all those who have the little ones in their lives. We get to celebrate and rejoice in the innocence that lives in their hearts and it’s every parent’s dream to protect this innocence and give their children a bright and secure future. And that is where we come in! Let’s talk about some investments that you can do for your child to strengthen their financial future.

Sukanya Samriddhi Yojana (SSY )

If you have a girl child below 10 years of age Sukanya Samriddhi Yojana is the ideal investment for you! This is a government scheme where you can open an account for your daughter in a bank or post office. To open the account a minimum investment of INR 250 is needed, after which you can make an investment from INR 250 to INR 1.5 lakhs. The tenure of the deposit is 21 years, after which you can withdraw your investment.

Mutual Fund For Children

If you are a young parent and have the risk-taking ability, then you should look at mutual fund investment for your child’s future. There are many mutual funds with accumulating corpus for one’s child’s future as the investment objective. Keeping a separate portfolio for your child’s future may go a long way and reap great results in the future.

PPF For Children

If you have a minor child then one of the parents can open the child’s PPF account in addition to your own PPF account. You can invest up to INR 1.5 lakhs in one financial year till your child reaches the age of 18. This INR 1.5 lakhs limit has to be split between your and your child’s account. Also under Section 80C of the Income Tax Account, investments made in the PPF account up to INR 1.5 lakhs can be claimed as tax deductions. However, you can claim it either from your or your child’s account.

Child Insurance

Child Plans provide the benefit of investment as well as insurance. Here the parent is the policyholder and the child is the beneficiary. You can build a corpus that will come to your rescue while tackling major milestones in your child’s life. In case of any mishap, the lump-sum amount is given to the child and the future premiums are waived off.

Fixed Deposit

If you are looking for some relatively safer options then you can definitely opt for an FD. You can open a fixed deposit in any bank for any amount of time at a fixed rate of return.

This Children’s Day, give your child the best gift and secure their future. Spend some more time with your little one and celebrate Children’s Day with the peace of mind that comes with knowing that your child’s future is safe and secure!


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