Government Scheme: A little prudence can create a ₹72 lakh fund for your daughter—the path is easy..

Everyone is aware of the Sukanya Samriddhi Yojana, a government scheme specifically launched for daughters, yet many people still hesitate to invest in it. If you have a daughter and are planning to build a substantial fund for her education, marriage, or other expenses, you should start investing in the Sukanya Samriddhi Yojana today. By investing a fixed amount in this scheme over the long term, you can accumulate a fund of ₹72 lakh by the time your daughter reaches adulthood.

Under the Sukanya Yojana, you can open an account as soon as your daughter is born and continue investing until she comes of age; the account earns interest until she turns 21. If you invest ₹1.5 lakh annually in this scheme, a fund of ₹72 lakh can easily be accumulated by the time she reaches adulthood. This corpus is calculated based on the current interest rate of 8.2%; should the government raise the interest rate, your final fund could be even larger.

**Investment Amount and Interest Earned**
Investing ₹1.5 lakh annually in the Sukanya Yojana works out to a monthly investment of just ₹12,500. Your total investment would amount to ₹22.5 lakh, while the remaining ₹49.3 lakh would come from interest, resulting in a total corpus of ₹72 lakh when your daughter turns 21. This corpus is achieved by investing for only 15 years following your daughter's birth and then allowing the funds to remain in the account for the subsequent 6 years, during which time they continue to earn interest. Suppose you start your investment in 2026; by 2047, your total corpus will reach ₹72 lakh.

**Guaranteed Annual Interest**
A key feature of this scheme is that you earn guaranteed interest every year, unaffected by the stock market or any other external factors. The Ministry of Finance revises the interest rates for this scheme monthly, and the government itself guarantees the interest payout. You can utilize these funds for your daughter's higher education, marriage, or other expenses.

**Benefits of Compound Interest and Tax Exemption**
The best aspect of this scheme is that the interest earned is compounded, with the amount being added to your principal every year. This causes your corpus to grow steadily, allowing you to build a substantial fund in a relatively short period. Additionally, investments made under this scheme qualify for tax exemptions under Section 80C of the Income Tax Act. Furthermore, the accumulated corpus is tax-free upon maturity. You can start investing with as little as ₹250 per month, subject to a maximum annual limit of ₹1.5 lakh.

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