If you are thinking of investing for your daughter, find out here where it would be better to invest from Sukanya Yojana and mutual funds.

  If you are thinking of investing for your daughter, find out here where it would be better to invest from Sukanya Yojana and mutual funds.

 Sukanya Samrudhi Yojana is currently paying interest at the rate of 7.6% per annum

 The HDFC Children's Gift Fund has returned more than 10% in the last 10 years

 Personal Finance: If you are thinking of investing for your daughter, find out here where to invest from Sukanya Yojana and mutual funds

 Sukanya Samrudhi Yojana is currently paying interest at the rate of 7.6% per annum. HDFC Children's Gift Fund has given a return of more than 10% in the last 10 years.

 Mutual funds are being considered as a good investment option in our country. Many funds have given good returns in the last few years.  In such a situation many people are confused as to whether to invest from Sukanya Samrudhi Yojana or mutual fund for their own daughter.  Today we are going to tell you about both these schemes so that you can choose the right option according to you.

 Sukanya Samrudhi Yojana

 Under Sukanya Samrudhi Yojana, an account can be opened after the birth of a child at the age of 10 years. This scheme can be opened anywhere in a bank or post office. Sukanya Samrudhi Yojana is currently offering 7.6% interest per annum.

 Personal Finance: If you are thinking of investing for your daughter, find out here where to invest from Sukanya Yojana and mutual funds.

 Sukanya Samrudhi Yojana is currently paying interest at the rate of 7.6% per annum. HDFC Children's Gift Fund has given a return of more than 10% in the last 10 years.

 Mutual funds are being considered as a good investment option in our country. Many funds have given good returns in the last few years.  In such a situation many people are confused as to whether to invest from Sukanya Samrudhi Yojana or mutual fund for their own daughter.  Today we are going to tell you about both these schemes so that you can choose the right option according to you.

 Sukanya Samrudhi Yojana

 Under Sukanya Samrudhi Yojana, an account can be opened as soon as a child reaches the age of 10 years after birth. The scheme can be opened anywhere in a bank or post office.

 An account can be opened for Rs.250

 An account can be opened for Rs 250.  Under Sukanya Samrudhi Yojana, an account can be opened only after the birth of a child at the age of 10 years. The account will mature after the daughter turns 21 or the girl gets married and you will get full payment with interest.

 The account can also be closed after 5 years

 The account can also be closed up to 5 years after opening.  It is allowed to close if a serious illness occurs or if the account is being closed for any other reason.  But the interest on it will be paid according to the savings account.

 Half the money can be withdrawn when the daughter turns 18

 Up to 50% of the cost for higher education of a child after the age of 18 can be withdrawn in the account of Sukanya Samrudhi Yojana. To open an account it is necessary to give birth certificate of daughter.  Proof of identity and address of the child and parents must be provided. This account can be transferred anywhere in the country.  This facility is available to the account holder if he / she shifts from the original place of account opening to another place.  There is no charge for this. If the account is being closed before the completion of 21 years, the account holder has to give an affidavit that the daughter is not less than 18 years of age at the time of closing the account.

 Benefit from tax exemption

 A maximum of Rs 1.5 lakh can be deposited under Sukanya Samrudhi Yojana in the current financial year. The benefit of tax exemption under Section 80C of the Income Tax Act can also be availed on deposits under Sukanya Samrudhi Yojana.

 Mutual funds

 Mutual funds can give higher returns

 Sukanya Samrudhi schemes have tax benefits but you get a fixed interest, in which you cannot earn more than that.  Considering the problem of rising inflation over time, investing in equity mutual funds may prove to be good for the future of children.  Equity Mutual Funds can choose any option from Index Fund, Large Cap Fund, and Mid Cap Fund as required.  An investment plan in an equity fund can be selected according to the risk profile.  According to experts, investing in an equity mutual fund is the best option for an investment of 10 years or more.

 Child Mutual Fund option is available

 Child mutual funds are also good for the future of children.  However, long term investment is better for him.  Returns from child mutual funds are also capable of countering the problem of inflation.  However, it is not possible to invest only in the name of the child in the fund with which the child is associated.  Such plans are especially tempting to invest in the name of children.  However, there are also some good plans out there.  But parents can also look at other mutual funds

Top Children's Plan Returns

HDFC Children's Gift Fund

Set great store by of 10 thousand monthly taste in 10 years: Rs

Set great store by of 10 thousand monthly taste in 10 years: Rs

Expense ratio: 2.06% (November 5, 2020)

Minimum investment: Rs

Minimum SIP: Rs.500

UTI Children's Career Fund Investment Plan

Set great store by of 10 thousand monthly taste in 10 years: Rs

Expense ratio: 2.76% (November 5, 2020)

Minimum investment: Rs

Minimum SIP: Rs.500

Source: Value Research and groww.in.

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Sukanya Samrudhi Yojana

Under Sukanya Samrudhi Yojana, an description preserve be opened after the birth of a newborn at the get older of 10 years. This design preserve be opened someplace in a panel or announce office. Sukanya Samrudhi Yojana is now donation profit at the ratio of 7.6% for each annum

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