5 Smart Investment Plans: Every parent dreams of a bright and secure future for their children and works tirelessly with their responsibilities in mind. In today’s times, from education and marriage to other essential needs, a significant amount of money is required. This is why it’s often advised to start thinking about different investment options in a timely manner, to build a substantial corpus for the right milestones.
Plans to Build a Better Future for Your Children
Today, there are many schemes specifically designed to secure a child’s future. If you are also considering investing in such a plan, you can start this important task today, on Children’s Day. Let’s discuss some of these key schemes.
1. Sukanya Samriddhi Yojana (SSY)
The government launched the Sukanya Samriddhi Yojana to empower the future of the girl child. Parents or guardians can open an account in the name of a daughter below the age of 10. This account matures after 21 years, or upon the girl’s marriage after she turns 18.
Investors in this scheme currently get an annual interest rate of **8.2% for 2025**, which is compounded yearly. You can deposit a minimum of ₹250 and a maximum of ₹1.5 lakh per year in this scheme, and it also offers a **tax benefit under Section 80C**.
2. Public Provident Fund (PPF)
The Public Provident Fund is a safe and trustworthy option for long-term investment. The interest rate is set by the government every quarter. Currently, it offers an interest rate of **7.1%**. It has a lock-in period of 15 years, making it excellent for goals like a child’s education or career.
3. National Savings Certificate (NSC)
The National Savings Certificate is a fixed-term, 5-year government savings scheme. It offers a good return at a fixed interest rate and this scheme also qualifies for **tax benefits**. It can be easily started at a post office and is a great option for those seeking stable and secure returns.
4. Mutual Fund SIP
If you want to invest a small amount every month, a Systematic Investment Plan (SIP) can be a smart choice. It allows you to build a large corpus over the long term by benefiting from market fluctuations. Equity mutual funds have the potential to deliver good returns for a child’s education and other long-term needs.
5. Fixed Deposit (FD)
Fixed Deposits are one of the oldest and safest investment options. Banks also offer special FD schemes for children. They provide a secure return at a fixed interest rate, and the entire amount is returned upon maturity.
Expert Advice: To secure your child’s future, don’t rely on just one scheme. It’s wise to diversify your investments across different plans to minimize risk and maximize returns. Start investing today
