Today is National Girl Child Day. This day is dedicated to girls. If you want to give a gift to your daughter today, then there are 4 financial gifts that will provide her financial security throughout her life and help her fulfill every dream.
Sukanya Samriddhi Yojana Sukanya Samriddhi Yojana (SSY) has been started especially for girls. Under this scheme started in the year 2015, up to Rs 1.5 lakh can be deposited annually. In this, the minimum limit starts from Rs 250. This investment also remains tax-free and the interest received on it also remains tax-free. The scheme will mature when the daughter turns 21. Currently, 8 percent interest is being given on this.
Public Provident Fund (PPF) can also provide financial security and independence to your daughter. A minimum investment of Rs 500 to a maximum of Rs 1.5 lakh can be made in this. The maturity of this scheme is 15 years and currently, 7.1 percent interest is being given. The most important thing about PPF is that investors get the benefit of compound interest, due to which a big amount can be generated even on small investments. Tax exemption is also available on this.
Post Office Recurring Deposit (PORD) is also a small savings scheme. In this, one can start by investing Rs 100 every month. Currently, 5.8 percent interest is being given on recurring interest of 5 years, on which compound interest is given every quarter. There is no risk on this and tax exemption is also available on investment.
Children's Gift Mutual Fund can prove to be the best gift for your daughter. There is a locking period of 18 years in this and the interest also available is much more than government schemes. Therefore, the money invested in it quickly becomes a big corpus. These are of two types. Hybrid Equity and Hybrid Debt Funds. If the equity in the fund has more than 60 percent stake then it will be called a hybrid equity-oriented fund and if it is less then it will be called debt oriented fund.
Investing in Gold or Gold ETFs can also make the future secure. For the last several years, the average return of gold has been around 10 percent. In this sense, if you invest in gold or gold ETF for your daughter, she will accumulate a huge fund in the future.
The gift of life insurance can also provide double security to your daughter. In case of any emergency, she can take advantage of this policy. Apart from this, he will get a huge fund on the maturity of the policy. In the future, there will be neither worry about studies nor about the daughter's marriage.
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