Best Investment Plans for Daughter: Daughters are everyone’s darling. But along with his birth, many big responsibilities also fall on the shoulders of the father. As the child grows up, the father starts worrying about everything from her higher studies to marriage. In such a situation, it is very important that you start investment planning for him along with his birth. Know here how you should do investment planning.
Save 20% of your earnings
In this case, financial advisor Deepti Bhargava says that first of all you should make a habit of saving 20 percent of your income and start investing this 20 percent somewhere for the long term. There are various schemes which give the benefit of compounding and create wealth faster. Through these schemes, you can add a good amount and spend it on the future of the daughter as well as on other needs of the family. Suppose you earn Rs 1 lakh a month, then you should invest Rs 20,000 every month after saving.
Invest in different schemes
There are many types of schemes in today’s time. But whatever investment you are making every month, do it in different schemes. For example, you can invest some money in PPF, deposit some amount in Sukanya Samriddhi every month and put some part of the savings in mutual funds. PPF and Sukanya schemes are government schemes and are going to give guaranteed returns. At the same time, investment is made in mutual funds through SIP, which is linked to the market. There is no guarantee of return in this, but an average return of 12 per cent has been seen in long term investment, which is much higher than these government schemes. In this case, divide your investment amount into 2, 3, 4 parts and invest in different schemes.
Understand by example
Suppose you are investing Rs 20,000 every month, then out of this you can invest Rs 10,000 in SIP and Rs 5,000-5,000 in PPF, Sukanya or any other scheme. If you invest Rs 10,000 in SIP every month for 20 consecutive years, then after 20 years at 12% interest you will get Rs 99,91,479. On the other hand, if you continue investing for 15 years, you will get Rs 50,45,760.
On the other hand, if we talk about PPF, then interest is being received on PPF at the rate of 7.1 percent. By investing Rs 5,000 every month in PPF, you will get Rs 16,27,284 on maturity after 15 years. On the other hand, Sukanya Samriddhi, which is run especially for daughters, is getting 8 percent interest on this scheme. By investing Rs 5,000 every month in this scheme, you will get Rs 26,93,814 on maturity. In this way, till the daughter grows up, you can add a lot of money till then.
Invest Lump sum here
If you have a lump sum amount to invest, you can invest it in fixed deposits, gold, etc. Apart from this, you can also invest in any land or property in the name of the daughter. You can get very good returns from this property when the daughter grows up.
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