Which scheme is best for boy child?

Which is the best investment plan for boy child in India?

Best Child Investment Plans

Plan Name Entry Age
HDFC SL Youngstar Super Premium Child Plan Life option- 18/65 years Life & Health Option-18/55 years
ICICI Pru Smart Kid’s Regular Premium 20/54 years
Kotak Head start Child Assure Plan 18/60 years
LIC – New Children’s Money Back Plan 0/12 years

What is the best investment plan for a child?

List of 8 Best Child Long-Term Investment Plans in India 2021

  • Child Insurance Plans.
  • Gold ETF/ Funds.
  • Fixed Deposits(FD)
  • Sukanya Samriddhi Account (SSA)
  • Unit Linked Insurance Plan (ULIP)
  • Post Office Savings Schemes.
  • Public Provident Fund (PPF)
  • Stocks & Mutual Funds.

Which scheme is best?

Best Saving Plans

Savings Plans Current Interest Rate
Recurring Deposits 6-7%
Post Office Monthly Income Scheme (MIS) 6.6%
Public Provident Fund (PPF) 7.1%
KVP (Kisan Vikas Patra) 7.6%

What are the benefits of post office savings scheme?

The post office savings account is a deposit scheme provided by the post office throughout India. The account provides a fixed interest rate on the account balance. It is a beneficial scheme for individual investors who wish to earn a fixed rate of interest by investing a significant portion of their financial assets.

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Is there any scheme for boy child?

Yes, there are many schemes for a boy child. The account for a child below the age of 10 years can be opened through a guardian. For minors above the age of 10 years, the account can be opened in their own name.

Which plan is best for child education?

Best Child Plans in India

Plans Entry Age Minimum Annual Premium
Future Generali Assured Education Plan 21-50 years Rs 20,000/-
HDFC SL YoungStar Super Premium 18-65 years Rs 15,000/-
ICICI Pru SmartKid Solution 20-54 years Rs 48,000/-
IndiaFirst Happy India Plan 18-50 years Rs 12,000/-

Which SIP is best for child education?

Mutual Funds For Child’s Education With SIP Investment

Fund name 1 year 5 year
UTI CCF- Investment Plan 59.04% 14.67%
HDFC Childrens Gift Investment Plan 48.06% 16.02%
Axis Childrens Gift Fund – No Lock-in 37.82% 14.54%
LIC MF Childrens Fund 33.91% 8.52%

Which scheme is best for investment?

Top 10 investment options

  • Direct equity. …
  • Equity mutual funds. …
  • Debt mutual funds. …
  • National Pension System. …
  • Public Provident Fund (PPF) …
  • Bank fixed deposit (FD) …
  • Senior Citizens’ Saving Scheme (SCSS) …
  • Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Which is best monthly income scheme?

6 Best Monthly Income Schemes In India

  • Fixed Deposit. Undoubtedly one of the best and most low-risk income schemes is a bank Fixed Deposit (FD). …
  • Post Office Monthly Income Scheme (POMIS) …
  • Long-term Government Bond. …
  • Corporate Deposits. …
  • SWP from Mutual Funds. …
  • Senior Citizen Saving Scheme.

Which investment is best and safe?

Comparison of Top Safe and Return Investments in India

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Investment Return Potential Suitable for
Capital Guarantee Plan Moderate-High All
Public Provident Fund (PPF) High Risk-averse investors
Bank FDs Medium Risk-averse investors
NPS High All

Which scheme is better in post office?

Comparison of the various Post office savings schemes

Scheme Interest Rate Minimum Investment
National Savings Certificates (NSC) 6.8% p.a. (Compounded annually) Rs 100
Kisan Vikas Patra (KVP) 6.9% p.a. (Compounded annually) Rs 1,000
Sukanya Samriddhi Accounts 7.6% p.a. (Compounded annually) Rs 1,000 per financial year

Which scheme is good in post office?

Post Office Interest Rates 2021

Scheme Interest Rate (% p.a) Best for
Post Office Time Deposit Account (TD) 5.5 Small savings
Post Office Monthly Income Scheme Account (MIS) 6.6 Small savings
Senior Citizen Savings Scheme (SCSS) 7.40 Retirement
Public Provident Fund Account (PPF) 7.10 Risk-averse investors