Investment strategy for parents: Securing a 5-year-old daughter's future with ₹10 lakh
If you have a five-year-old daughter, you can invest ₹10 lakh by building a varied portfolio. Financial advisors recommend putting about 65% to 70% of the funds into equity and index funds. The remaining portion should be placed in secure government schemes like the Sukanya Samriddhi Yojana, which provides an annual interest rate of 8.2%. As your daughter gets closer to turning 18, you should gradually move these investments into lower-risk assets.
by shortkt.com✓