Child plans for my new born baby

POSTED BY abhijeet modi ON March 30, 2013 8:07 pm COMMENTS (3)

Hello, 

I am looking for value investment for child who born before 1 month. 

any good policy where i add some amunt every year for 20 yrs period with valuable returns.

Abhijeet

3 replies on this article “Child plans for my new born baby”

  1. Ashal Jauhari says:
    March 31, 2013 at 4:08 am

    Dear Abhijeet, if you die today, how ‘ll your family survive? In addition to what dear FFC has told you above, please purchase a plain vanilla term cover of at least 15 time of your yly income + add any loan liabilities into it.

    Thanks

    Ashal

    Reply
  2. Abhi G says:
    March 30, 2013 at 11:17 pm

    Dear Abhijeet Congratulations for becoming proud father. As above comment laid out a roadmap for investing, follow it for 20 years religiously. Calculate your expected returns for this 20 years periods and choose 1-2 MFs max! If they perform for 3,5 & 10 years, there should be no reason to look for another plan or investments.

    Reply
  3. Free Financial Calculators says:
    March 30, 2013 at 8:40 pm

    Stay away from polices and child plans. first plan for his education and marriage(if you like)
    Determine the amt to be invested
    Open a ppf account in your childs name and invest 20-40% of amt to be invested
    Invest the rest in good diversified equity mutual funds.

    You could use this for your planning

    http://freefincal.wordpress.com/comprehensive-child-planner/

    Make sure you have enough pure life insurance.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.