Each parent dreams of giving their daughter the great life—in particular in terms of her marriage. However, with rising charges and inflation, arranging a good-sized fund for your daughter's wedding can grow to be an economic task if now not planned early.
I case your daughter is still young, now could be the appropriate time to begin investing neatly. Here are three excellent long-term investment options that can help you build a corpus of numerous lakhs by the point she grows up.
1. sukanya Samriddhi Yojana (SSY)—authorities-backed & secure
SSY is a committed financial savings scheme for female youngsters, released by means of the government of india underneath the Beti Bachao Beti Padhao initiative.
Key features:
For girls under 10 years of age.
Minimum investment: ₹250/yr.; maximum: ₹1.5 lakh/year.
Tenure: Deposits up to 15 years; maturity after 21 years from account beginning.
Present-day hobby price: 8.2% (compounded yearly).
instance:
If you make investments of ₹1 lakh every year for 15 years, you will get ₹46,18,385 on maturity. Out of this, ₹31,18,385 is for hobby alone.
✅ Best for chance-averse parents searching out assured, tax-unfastened returns.
2. Public Provident Fund (PPF)—Long-Term Wealth with Tax Advantages
PPF is every other dependable and tax-saving scheme supplied through the authorities. It is suitable for conservative investors.
Key capabilities:
Tenure: 15 years (extendable in blocks of 5 years).
Interest rate: 7.1% per annum (compounded annually).
Funding limit: ₹500 to ₹1.5 lakh per 12 months.
Tax-unfastened returns under segment 80C.
Example:
Making an investment of ₹1 lakh annually for 15 years can yield ₹27,12,139 at maturity, with ₹12,12,139 as pure profit.
✅ A safe and tax-green manner to grow your money over the years.
3. Mutual Fund SIP—best for excessive returns with time
For the ones inclined to take calculated risks, mutual fund SIPs provide the very best return capacity. Investing constantly in mutual finances over the long term can help you beat inflation and acquire wealth.
Key capabilities:
minimal funding: as low as ₹500/month.
Returns: traditionally around 10-12% CAGR in equity budget.
flexible withdrawal and pinnacle-up alternatives.
Example:
In case you make investments of ₹8,000 month-to-month for 15 years at a mean return of 12%, you can receive ₹3,807,451 at adulthood—with ₹2,367,451 as your net income.
✅ Best for mothers and fathers who start early and want wealth maximization with compounding advantages.
The sooner you start, the higher your consequences. Whether you decide upon safe authorities' schemes like SSY and PPF or boom-oriented mutual fund SIPs, a disciplined funding technique is fundamental to creating a wedding fund worth lakhs.
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