POSTED BY February 8, 2014 7:52 pm COMMENTS (4)
ONRecently I am blessed with a son. I want to invest 1 lac for my son for long term say 15 year. What is the best possible solution ?
RD/FD/MF/Child Plan or any other good scheme for better return, then please replay
thanking you,
Ghanshyam
2021 © Jagoinvestor.com All Right Reserved
Dear Ghanshyam, so you need money for your kid and you may invest either under your own name or under kid’s name. Please invest the amount in an Eq. fund like Quantum Long Term Eq. fund for next 15Y or so. 2-3Y before the actual target, you may shift the amount into a debt fund.
thanks
Ashal
sir,
i want to invest for my son keeping in view for his education after class 10
plz suggest me the investment tool with amount per month for better return
Dear Ghanshyam, do you want to invest for your child or want to invest under his name?
Thanks
Ashal
PPF would be really good option. If you wish to invest in PPF better invest before 5th April,2014 to get maximum interest.
You can find the reason why I am suggesting you to invest before 5th April can be found in the below article by Manish
https://www.jagoinvestor.com/2012/02/how-ppf-interest-is-calculated-video.html