What is the best child plan for newborn ?

POSTED BY Vishal Sharma ON June 17, 2014 6:47 pm COMMENTS (4)

I am going to become father after 3 months. I want to take a child plan for new born for future studies. Please suggest some good options. Also suggest other investment options which I can do for newborn.

4 replies on this article “What is the best child plan for newborn ?”

  1. Anand says:

    Invest in equity MF through SIP and increase the amount every year. I have been doing the same and my XIRR is more than 30%.
    Do not go for so called child plans; their charges are too high.

    And of course, take enough term insurance.

  2. Ajay says:

    Vishal – There are some great tools here http://freefincal.com/ to help you with decisions. Read through them and especially the goal based investing section.

  3. Ashish Garg says:

    Suggest instead of buying a child plan (ULIP etc), start a PPF account in child’s name and invest upto maximum limit of 1 lakh per year for next 15 years.

    Also, you should start SIP in 1-2 diversified equity MFs. This would be a better option than buying some useless ULIP / child plan for the kid.

    Ashish

  4. Hemanth Chandra says:

    So called Child plans are of no use.

    Check out this article.

    https://www.jagoinvestor.com/2010/01/5-easy-steps-to-do-your-childs-education-planning.html

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