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|
|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.
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
|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|
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|