Best investment plan for your child 2023

Today we will know about some of the best investment plans for children in which you should consider investing.

Sukanya Samriddhi Yojana

You can get Rs 81 lakh in 21 years, you can invest Rs 1.50 lakh every year and you will get 8% interest rate and it is tax free.

This scheme is for daughters below 10 years of age

Public Provident Fund

It gives 7.1% return and is tax free, you have to invest in it for 15 years.

You can invest in this fund with a minimum of Rs 500 and get 80C tax benefit.

Sovereign Gold Bond

Making charges and other taxes are saved in this and 2.5% interest is available.

fixed deposit

The easiest way to make long term investments

mutual fund

You can invest in large cap index funds and flexi cap funds.

What is a mutual fund? Want to know? So click on learn more