Banking & Insurance Professionals
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Activity:
31 views;
last activity : 04 07 2011 20:02:47 +0000
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Investments
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Investments in Government Schemes
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Use SIP in Mutual Funds route
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Use SIP in Mutual Funds route
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plan well before conceiving children
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Buy Gold
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It will depend upon the time you have in your accumulation stage.....
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One easy way could be a long term investment with certain results. In this way one will play safe & also benefit when the money is required. |
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Make an periodic appropriate investments which shall give you compounding benefits at proper time to meet educational obligations of kids. A simple PPF investments in child's name will also help in better ways.
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In the every changing scenario in the financial sectors where the banking sectors are caught up in dilemma in deposit rates, etc., the safest investment for the child's future is either LIC or Provident Fund (PPF). At least one will be very sure of redeeming the investment made with whatever interests that's accrued after a given period. You don't have to run piller to post to get your money!
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First thing you need to do is to set how much amount you will need by the time your child is ready for education.Make sure you account for inflation while deciding that. I think if your goal is sometime away good diversified Mutual Funds will be way to do.Do a SIP and keep investing consistently small amount every month. There are many online SIP calculators available which tells you how much money you need to put aside to fulfill the goal. GO for it.Early you start better it is. Also you can visit related article at my investment-awareness website concerning child education : http://www.investment-mantra.in |
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I think if your goal is sometime away good diversified Mutual Funds will be way to do.Do a SIP and keep investing consistently small amount every month.
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One should plan well for the education of the children well before conceiving them. One should study the options for investments of long term also short term as well like LIC's money back policies, UTI's childrens plan and so on. |
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Thank you Swati. Better to buy gold yearly as the child grows. The advantages are easy liquidity, you get money whenever you want. Either you can sell or mortgage it (redeem it later). Safe and can withstand market conditions. Have some SIP and by the time the child is ready to go to college, you are also ready and rich. |
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I think it will depend upon the period of accumulation of funds.... if you have more time to accumulate, in the intial years you should go for the riskier assets i.e 100% equity or gold but as go closer to the requirements you should transfer your riskier assets to the safer assets like balanced mutual funds or debt funds and if you are not aware of it simply put F.D in bank. so, it will depend upon which stage of accumulation are you in... if you are not going to take so much pain any kind of money back policy will do but take care of its IRR(internal rate of return) if its less than 6% or so rather go for bank reccuring A/C.
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