What is the best investment for a child’s education?

Which investment is best for kids education?

You could invest in diversified equity funds and even buy stocks if you have the time and required skills. The balance 25-30 per cent of the portfolio can be in safer options like the PPF, bank deposits and tax-free bonds.

How do I fund my child’s education?

The following points are required to plan your child’s education fund:

  1. Decide your monthly budget. …
  2. The earlier you start investing, the better it is. …
  3. Avoid investments with low returns. …
  4. ULIP Plans for child. …
  5. PPF for Child future. …
  6. Always keep a long-term investment option. …
  7. Recognize your existing investments.

Where should I invest for my child’s future?

Investment options to ensure your child has a secure future

  • Equity mutual funds. …
  • Public Provident Fund (PPF) …
  • Debt mutual funds. …
  • Money-back insurance plans. …
  • Recurring and fixed deposits. …
  • Investing in gold. …
  • Sukanya Samridhi Yojana (SSY) …
  • Investing in Unit-Linked Insurance Plans (ULIPs)

What is the best investment for girl child?

List of 10 Best Investment Plans for a Girl Child in India 2022

  • Sukanya Samriddhi Yojana (SSY)
  • Children Gift Mutual Fund.
  • National Savings Certificate (NSC)
  • Post-Office Term Deposit (POTD)
  • Unit Linked Insurance Plan (ULIP)
  • Systematic Investment Plan (SIP)
  • Post-Office Recurring Deposit.
  • Public Provident Fund (PPF)
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How much money should I save for child’s education?

Kantrowitz recommends the one-third rule as a rough guide for how much parents should be saving: one-third of the cost of a four-year college education will come from parent’s income and financial aid, one-third from savings and investments and one-third from student loans.

How much should you save for child’s college education?

Monthly contribution amounts

For a child born this year, parents should save at least $250 per month for an in-state public four-year college, $450 per month for an out-of-state public four-year college and $550 per month for a private non-profit four-year college, from birth to college enrollment.

How much should I save for child education?

Set Aside Your Emergency Fund

While everyone’s situation is different, a good gauge will be to set aside an equivalent of 3 – 6 months worth of your living expenses in your high-interest savings account. That is assuming that you have a manageable amount of debt and have your insurance coverage in place.

How do you build corpus for child education?

4 Tips To Build An Education Corpus For Your Child

  1. Plan the costs and set a target amount. One of the first steps to plan for your child’s education is to estimate what the total cost is likely to be. …
  2. Start saving early. …
  3. Know your investment and savings options. …
  4. You need to think long term.

Is there any investment for kids?

The best child plan options would be the Sukanya Samridhi and the PPF. They offer the best interest rate and the interest rates are tax free in the hands of the investors.

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