Plan your daughter's wedding with a small investment, see full details here.

Planning for your daughter's wedding is important. If you want to start with a small investment, there are some smart ways you can build a strong financial foundation for your daughter's future.

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Systematic Investment Plan (SIP)

If your daughter's wedding is far away, SIP (Systematic Investment Plan) can be a great way. In this, you invest a fixed amount every month, which grows through mutual funds. SIP can give good returns in the long term and you can start it with a small amount too. You can start SIP with ₹500-₹1000 every month. The investment will grow over time and can become a good fund at the time of marriage.

2. National Savings Scheme

National Savings Scheme is a government scheme, where you can deposit money regularly. This scheme is for a long time, but its interest rate is fixed, which gives you an estimated return. You can start with a small amount like ₹ 500 or ₹ 1000, and under this scheme, you invest safely.

3. Public Provident Fund

PPF is a long-term investment option, which gives tax exemption and good returns. In this, you can invest from ₹ 500 to ₹ 1.5 lakh every year. This investment is for 15 years and the interest rate in it is determined by the government.

4. Post Office Master Deposit Scheme

This scheme gives monthly income at a fixed interest rate, which helps you to get money regularly. Investment can be started with a small amount in it and it is a safe investment option. You can start investing from ₹1000 or ₹2000 and use it as a stable source for your daughter's wedding expenses.

5. Gold

Gold ETFs can be a good option. Investing a small amount in gold is also a good way, as gold is always considered a safe investment, and its value increases over time. You can start investing slowly through gold coins, jewelry, or gold ETFs.

6. Savings Account

Some banks or financial institutions offer savings plans for marriage, in which you have to deposit a fixed amount for a fixed period. It also offers interest rates and additional benefits.

7. Insurance Plan

ULIPs are an option that gives the benefit of both investment and life insurance. In this, a part of the amount invested is invested for life insurance and the rest in the market, which can give good returns in the long run.

With these small investment plans, you can create a good fund over time. The most important thing is that you can start with a small amount and it will grow over time.

Disclaimer: This content has been sourced and edited from economictimes. While we have made modifications for clarity and presentation.