Child Plan

Why to Invest for Child Future? 

--Long-term financial obligations like education and marriage costs of their children.
--Due to rising inflation, it would be advisable to know, evaluate and compare various means of savings

                                                                                      What Investment Options are available?

An Ideal Mix would be combination of Term Insurance, PPF, and equity diversified.

1) Readymade Child Plan (Insurance in a child plan/ULIP) -- AVOID .. Read more link
2) Alternatives are
    a) Sukanya Samriddhi Yojana (SSY)
    b) Public Provident Fund (PPF)
    c) National Savings Certificate (NSC)
    d) RBI bonds
    e) Post office deposits
    f) Mutual funds

Sukanya Samriddhi vs Child Mutual Fund – which one is better?
Investment Calculation for Child  Read more  link     
Powerful & practical way to plan for your child’s education (holisticinvestment.in)

Sukanya Samriddhi Yojana (SSY)  Read more  link    
-- Tax-free small savings scheme for the girl child. (interest rate will be revised every quarter)
--  Age 10 or below | 7.60 % PA | Amount 250Rs -1.5L |Maturity : 21 Yrs / marriage time of girl child

Mahila Samman Savings Certificate (MSSC) Read more link 
-- one-time new small savings schemes, dedicated towards Womens and Girls of all age groups
--  Age NA| 7.5 % PA | Amount 1000 Rs -2 L | Valid from April 2023 to March 2025 | Tenure: 2 Yrs.

National Savings Certificate (NSC) Read more  link    
-- Tax savings with guaranteed returns. (interest rate will be revised every quarter)
-- Age NA | 6.8 % PA | Amount 1000Rs - No Limit |Tenure :5 Yrs