Best solution to invest Rs 1 lac for a newborn child ?

POSTED BY ghanshyam ON February 8, 2014 7:52 pm COMMENTS (4)

Recently 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

4 replies on this article “Best solution to invest Rs 1 lac for a newborn child ?”

  1. ashalanshu says:

    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

  2. ghanshyam says:

    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

  3. ashalanshu says:

    Dear Ghanshyam, do you want to invest for your child or want to invest under his name?

    Thanks

    Ashal

  4. hemanthchandra62 says:

    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

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