Best Investment Schemes: These 3 schemes are more beneficial for future planning of children, will get millions of rupees
new Delhi. Every parent wants their child’s future secure. For this, they start investing in many types of schemes since their birth. This planning goes ahead in children’s education and marriage. If you are thinking of investing in similar schemes, then we will tell you about three such fantastic plans, in which you can get good returns. There are also some schemes whose maturity can get up to millions of rupees.
Sukanya Samriddhi Yojana
The post office Sukanya Samriddhi Yojana (Sukanya Smaridhi Yojana) is quite popular for the bright future of girls. This scheme helps in education from daughter to marriage. The specialty of the scheme is that its maturity is 21 years. Whereas investment has to be made for only 14 years. You can deposit a maximum of 1.50 lakh rupees annually under the scheme. If you deposit the monthly, then you will have to pay 12500 rupees every month. The minimum amount is 250. The daughter’s age should be less than 10 years for the application. In this, when the daughter is 18 years old, she can withdraw 50 percent of the amount deposited for her studies or marriage. This account opens in a joint with parents. Under Sukanya Samriddhi Yojana, if you deposit Rs 1.5 lakh annually for 14 years, then the total investment amount will be Rs 21 lakh. It will also attract interest of 7.6% per annum. This means that when you earn the amount at maturity it will be around 63 lakh rupees.
Public provident fund
Investments can be made in this scheme for better future of children. PPF (Public Provident Fund) offers up to 7.1 percent interest. It is considered very safe from the investment point of view. The maturity period of PPF is 15 years. However it can be extended further over a period of 5–5 years. For this extension, Form-H has to be submitted. Its returns are completely tax free. PPF account can be opened for children below 18 years. In this, an account will be opened in joint with parents. If you have two children, you can invest up to Rs 3 lakh by opening a separate PPF account. Because up to one and a half lakh rupees investment is not taxed.
Systematic Investment Plan (SIP)
There is a possibility of higher returns in the long term compared to other investment options. Since children’s education and marriage take a lot of time, you can invest in a systematic investment plan (SIP). Installments are also cheap in this. With this, you can make millions of rupees every month with small investment. Depending on the need of the child, you can invest it for 10 to 15 years. There is a possibility of doubling profits by investing in a good company.