Nowadays investment is an important part of our life but if it comes to our children's then it is mandatory for all parents. There are many stages we face when our children grow and with all faces, we always want the best for our children that is why investment is important for all children.
Things like education, marriage, functions and other essential things come in our life without any planning, so be ready for these types of things.
There are two types of investment: long term or short term. Short term investments are like FD/RD and long term is like Mutual fund and Insurance.
Fixed Deposit is one of the best investment plans in this you will get a good interest rate and also there are other advantages are also there. Also, there are different types of fixed deposits are there you can choose as per your requirement. NBFCs like PNB Housing Finance Ltd. are offering good interest rates on FD. Before investing in this please check the reviews of PNB Housing this will give you the confidence of investing more on the same platform.
Mutual Fund can be considered in long term investment, also the very safest platform you can invest 65% of equity very easily and interest over it. If you require some urgent cash then you can easily sell your mutual fund units any time and you will get your money in less than 3 days.
You can also invest in a sukanya samriddhi account. This is also a type of small amount of investment. This has a locking period of 21 years. This account is the same as a PPF account.
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