Along with government schemes, you can also invest money in mutual funds. But if you are confused about which scheme is best for your daughter, then today we will tell you where you should invest your money. Where is your daughter likely to get higher returns?
If you also have a daughter and you are worried about her future, then do not worry at all. Actually, in today’s time many schemes are being run for investment, in which you can improve your daughter’s future by investing money.
Along with government schemes, you can also invest money in mutual funds. But if you are confused about which scheme is best for your daughter, then today we will tell you where you should invest your money. Where is your daughter likely to get higher returns?
How much interest is being received in SSY now?
Currently, Sukanya Samriddhi Yojana (SSY) is offering interest at the rate of 8.2 percent. This interest is received by the government every quarter and changes are also being made in it. The government revises the interest of these schemes on a quarterly basis. You can start this government scheme with just Rs 250 annually. This account can be opened any time from the birth of the daughter till she turns 10 years old. In this you can deposit a maximum of Rs 1.50 lakh in a financial year.
Sukanya Samriddhi Yojana VS Equity Mutual Fund
Sukanya Samriddhi Yojana (SSY) is a government scheme and fixed income facility. At the same time, mutual fund is a tool through which your money is invested in the share market. There is also risk involved in this. In Sukanya Samriddhi Yojana, you cannot withdraw money until your daughter turns 21, that is, there is a lockin period. Whereas, mutual fund is a liquid instrument.
Equity Mutual funds returns
According to AMFI data, equity mutual funds have given very attractive returns to investors in the last one year. Nippon India’s Value Fund has given a return of 42.38 percent. Apart from this, Aditya Birla Sun Life Pure Value Fund has given a return of 43.02 percent. Whereas, Axis Value Fund has given returns of 40.16 percent, SBI Long Term Equity Fund has given returns of up to 40 percent.
