Can u suggest funds for a new born girl... approx Rs 2500 * 3 funds i want to do. pls , how abt SSY scheme... , PPF or any FD ... kindly advice. LIC probably as I am 42 yrs old hence when my daughter turns 18, i\ll be 60
Ans: planning for your newborn's future is a heartwarming commitment. Let's embark on this journey with a blend of prudence and ambition.
Equity Funds: Given the long investment horizon, equities offer the potential for growth. They can be likened to planting a tree; the earlier you plant, the taller it grows.
Debt Funds or Fixed Deposits: These can act as the tree's sturdy roots, providing stability to your portfolio. They offer a safer haven, especially during market volatility.
SSY Scheme: This scheme is akin to a nurturing garden where your investments grow under the protective shade of government guidelines, offering both safety and tax benefits.
PPF: Consider it as a perennial plant, consistently yielding returns and adding to the garden's beauty. It offers tax benefits and has a longer tenure which aligns well with your daughter’s education needs.
LIC: This can be seen as an umbrella, providing a protective cover against life's uncertainties. It combines savings with life cover, ensuring your daughter's future is secure even in your absence.
Asset Allocation: A balanced approach, combining equity for growth and debt for stability, would be ideal for a newborn’s investment portfolio.
Remember, like tending to a garden, nurturing your investments requires patience, care, and periodic attention. With disciplined savings and informed choices, you can create a flourishing garden for your daughter's future. Your commitment to her well-being and future is truly admirable. Best wishes on this beautiful journey!
