The government has launched several investment schemes with the goal of helping children in various ways. By investing in which you can improve the future of your children.
The government has started several investment schemes with the aim of helping all the children of the country in various ways. There are various government schemes that your children can use as great investment opportunities. Parents can choose a scheme based on their investment objective, risk tolerance and tax liabilities. However, before taking any investment decision, complete information about the scheme should be taken in detail. So that you do not face any problem in future. Here you are being given information about 5 government schemes.
Invest in these 5 government schemes
General Provident Fund Scheme: PPF scheme is a safe and good long term investment option with better interest rates. Interest earned on PPF accounts opened by parents in the name of their children is tax free. Depending on your income and financial objectives, you can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh every year.
Invest in Equity Mutual Funds: The rate of deposit made in Equity Mutual Funds in Children Investment Plan is very high. They are one of the good options as it has time period options. Equity funds have historically given good annual returns ranging between 12 to 15 per cent.
Explain that the amount deposited in Sukanya Samriddhi Yojana can be deposited till the girl child is 14 years old, and maturity will be done after 21 years from the day of opening the account. In this, interest is given at an annual compound rate of 8.6 percent. Partial withdrawal is also allowed after the child turns 18.
