Investment Schemes for Children 2024

Investment Schemes for Children: There are several best investment schemes for your children. Investment can be started with just Rs.500 in numerous schemes. Rs.6000 will be deposited in a year if Rs.500 is deposited every month in such schemes.

We buy a piggy bank at home and deposit their money in it, to teach children about saving so that their money gets accumulated and they get a lesson on how small savings can lead to a big amount which is important for prospects. We can add up to lakhs of funds for the children by accumulating such small amounts. (Investment Schemes for Children)

By adding Rs.500 to such investment schemes every month Rs.6000 will be deposited every year. Moreover, interest will be provided on the deposited amount and, within a short period, a good amount will be added with the help of which the dream of the children could be easily fulfilled. Even lakhs of rupees can be added with a monthly deposit of Rs.500. (Investment Schemes for Children)

Golden Investment Schemes for Children.

1. PPF Scheme Investment

One of the government schemes is PPF, i.e., the Public Provident Fund Scheme. At least Rs.500 should be deposited every year in this scheme. But if the money of Rs.500 is deposited per month in the name of the children then a good amount can be added. There is a benefit of compound interest at the rate of 7.1 per cent under this scheme. (Investment Schemes for Children)

This scheme takes time of 15 years to mature. As an example if a depositor deposits Rs.500 every month in this scheme then there is a deposit of Rs.6000 annually and Rs.90,000 within 15 years. The depositor will get Rs.72,728 as interest in 15 years and as soon as maturity is reached the depositor will get a total of Rs.1,62,728. Also, if this scheme is converted for 5 more years, then Rs. 2, 66, 332 will be accumulated in 20 years. (Investment Schemes for Children)

2. SSY Scheme

Another investment scheme is Sukanya Samriddhi Yojna. This scheme is suitable for all fathers who are serious about the future of their daughters. There is a minimum investment of Rs.250 and a maximum investment of Rs.1.50 lakhs annually in this scheme. In this scheme, the interest rate is 8.20%. The investment has to be made for 15 years and the scheme is mature in 21 years. (Investment Schemes for Children)

If there is an investment of Rs.500 every month in this scheme, your total expenditure will be Rs.90,000 in 15 years. There will not be any type of investment between 15 and 21 years, but the interest at the rate of 8.2 per cent will continue to be added to your amount. The depositor will receive an amount of Rs.1,87,103 as interest. The depositor will get Rs.2,72,103 on maturity. (Investment Schemes for Children)

Investment Schemes for Children

3. SIP Investment Scheme

Through SIP the depositor can invest in mutual funds. There is a benefit of compounding in mutual funds and you get an average return of 12 percent. You can add a good amount for the children in such a situation in the long run through this scheme and this can be used for the education of the children or any other important work. (Investment Schemes for Children)

The depositor can increase the amount invested in SIP time as per the capacity. This enhances your profits even more. If the investment is made at the rate of Rs.500 per month, then after 15 years at a 12 per cent interest rate the depositor can take Rs.2,52,288 as the maturity amount. Also, if there is an investment for 5 more years, i.e., for 20 years then the depositor can collect Rs.4,99,574 at the rate of 12 percent.

Voter ID Card Online Download Kare-वोटर आईडी कार्ड ऑनलाइन कैसे डाउनलोड करें

Also Read

Leave a Comment