Here are two simple yet powerful investment tips for a newly born girl child:
- Go for Sukanya Samriddhi Yojana which was launched with a rate of 9.1% p.a and is now about 8.1% p.a, still the highest among government sponsored schemes. It is completely tax free. There is a long lock in, but aren’t you investing for the golden future of your little angel?
- Carve out goals for the child’s higher education goals and marriage. Map these to a good set of equity mutual funds. Choose from the “Wealth Builder” section of the app in Jama.co.in to start a good set of SIPs for your daughter.
Happy Investing!