Best Investment Scheme For Children: There are many such schemes in which investment can be started with just Rs 500. If even Rs 500 is deposited every month in these schemes, then Rs 6000 will be deposited in a year. You will get interest on the deposit and within no time the amount of lakhs will be added.
Best Schemes for Children: To teach children about saving, we buy a piggy bank at home and deposit their money in it, so that their money gets accumulated and they get a lesson on how small savings can lead to a big amount. Can be deposited. We can also do the same thing and with small amounts we can add up to lakhs of funds for the children.
There are many such schemes in which investment can be started with just Rs 500. If even Rs 500 is deposited every month in these schemes, then Rs 6000 will be deposited in a year. You will get interest on the deposit and within no time a good amount will be added, through which you can easily fulfill any need of the children. If you want, you can also add lakhs of rupees with a monthly deposit of Rs 500. Know about some such great schemes.
PPF Scheme investment
PPF i.e. Public Provident Fund is also a government scheme. In this scheme it is necessary to deposit at least Rs 500 every year. But if you deposit Rs 500 per month in the name of children, you can add a good amount. In this scheme, you get the benefit of compounding interest at the rate of 7.1 percent. This scheme matures in 15 years. If you deposit Rs 500 every month in this, you will deposit Rs 6000 annually and Rs 90,000 in 15 years. According to the PPF calculator, you will get Rs 72,728 as interest in 15 years and on maturity you will get a total of Rs 1,62,728. Whereas if you continue this scheme for 5 more years, then you will accumulate Rs 2,66,332 in 20 years.
SSY Scheme investment
If you are the father of a daughter, then you should start investing for her in Sukanya Samriddhi Yojana. You can invest a minimum of Rs 250 and a maximum of Rs 1.50 lakh annually in this scheme. At present, interest in this scheme is 8.20%. Investment has to be made for 15 years and the scheme matures in 21 years. If you invest even Rs 500 every month in this scheme, your total expenditure will be Rs 90 thousand in 15 years. You will not make any investment between 15 and 21 years, but interest at the rate of 8.2 percent will continue to be added on your amount. In this case, you will get Rs 1,87,103 as interest. On maturity you will get Rs 2,77,103.
SIP Scheme investment
You can invest in mutual funds through SIP. In mutual funds, you get the benefit of compounding and get an average return of 12 percent. In such a situation, in the long run, you can add a good amount for the children through this scheme and use it for children’s education or any important work. The good thing is that you can increase the amount invested in SIP anytime as per your capacity. This increases your profits even more. If you invest in it at the rate of Rs 500 per month, then after 15 years at 12 percent interest rate, you can take Rs 2,52,288 as maturity amount. On the other hand, if you continue investing for 5 more years i.e. for 20 years, then at the rate of 12 percent you can collect Rs 4,99,574 i.e. about Rs 5 lakh.
