Child Investment Plan: There will be no tension about child's expenses from education to marriage, these schemes are very useful, see the list..

Everyone today wishes for a bright future for their child. People spend a normal amount on the education of both boys and girls. The cost of education is increasing day by day. Therefore, it is very important to raise funds in advance. At the same time, by investing in these schemes, you will not have to worry about future medical expenses.

Child Investment Plan: Invest in these schemes

Public Provident Fund

Everyone will be aware of PPF, i.e., Public Provident Fund. Under PPF, you can invest money for a long time. Its login period is 5 years, and maturity is 15 years. You can invest in your child for 15 years under these schemes. This money can be used for the child's higher education or marriage.

Sukanya Samriddhi Yojana

This scheme has been started especially for girls. If you want to make your daughter's future bright, then you can apply for this scheme. This scheme is currently giving a return of 8.2 percent. Money can be withdrawn from this scheme after the daughter turns 18 years old.

National Savings Certificate

By investing in National Savings Certificate, you also get tax benefits. Its duration is 5 years. The government keeps revising the interest received under the scheme. Currently, its interest rate is 7.7 percent.

This scheme can be started by investing just Rs 1000.

Unit Linked Insurance Plan

This is a type of insurance plan in which a part of the deposited money is invested in mutual funds. Under this scheme, you get the benefit of both insurance and attractive returns of mutual funds. This plan invests in both equity and debt.

The lock-in period under this scheme is 5 years. This means that you cannot withdraw money for 5 years.

Invest in mutual funds.

You can also invest a part of the money saved for your child's future in mutual funds. Through mutual funds, your money is invested in different shares, debt, and bonds. The easiest way to invest in mutual funds is through a SIP (Systematic Investment Plan).

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.