Hello Sir,
I have 1 yr old daughter. I wanted to put some money for her future on yearly basis of Rs. 1 lac.
Initially I thought of KVP which doubles money in 8 years & 7 months (8.40 % interest). So I can get 4 lacs every year when she turn 17-18.
But as of now the FD rates are at good interest rate 9-9.5% so thought about investing for 1-2 years in FD and then put that amount in KVP.
Please provide your input on best strategy. I want to do safe investment.
Regards,
Amit