Parents are the best judge when it comes to securing their child’s future. However, everybody knows that the best investment option for your child is the one, which also secure your own future as a parent. After all, if you are financially stable then your kids will never have to face money problems until they are established. With myriad companies, providing a plethora of policies to choose from finding the one that works successfully is not going to be a problem.
Early bird gets the worm
When you want to get the maximum returns from your child investment policy, it does not hurt to start early. That way when finally the time comes you are going to get the ideal financial help. Today conscious parents, investment in ideal plans as soon as the child is born and there are still others who start even before that! To which category you belong! Companies also prefer individuals who are super conscious regarding their respective wards and provide high returns on maturity of the policy term.
Ideal investment strategy
Which is an ideal investment strategy that provides the largest corpus at the end of plan term? This is a difficult question to answer and mostly depends upon the individual capabilities and expectations. When formulating a strategy for finding a proper option the 4 key factors to keep in mind include investment tenure, your personal risk taking capabilities, projects returns, and the related taxes. An ideal strategy always is the one that allows minimum investment and maximum return with negligible risk involved.
Setting up personal goals
What are your expectations from a particular child investment plan? In other words, what you hope to gain by investing in the future of your kid? As your child grows up, his/her requirements change. In the initial stages, you may require money for meeting school expenses and later on for higher studies or for courses abroad. Later on you require solid finances for helping your children set up business or for their wedding. By having a clear projection regarding how much you will need after a definite tenure, it is possible to find an ideal investment option.
Short and long-term child investment options
Based on personal requirements you can choose from short or long-term investment choices. Long-term plans require an option that erodes the original capital while increasing steadily in value and remains untouched by inflation. Real estate investment can be an ideal choice in this regard. Stock market investment is another option but one needs to remain clear about the risks involved.
Those who prefer short-term plans should aim for opportunities that provide guaranteed return the original amounts during your time of need even if there is no substantial growth present. Deposits in savings bank account and short term fixed deposits come under this category.
You are a careful and proud parent, now become a financially secure one too and ensure a bright future for your pride and joy. This is one investment choice you may not want to miss!
- Most Read
- Sukanya Samriddhi Yojana
Date: 19 December 2018
- SBI Sukanya Samriddhi Yojana
Date: 07 December 2018
- A 4-Point Child Education Planning Checklist for Indian Parents
Date: 02 August 2018
- Everything You Need To Know About SBI Child Insurance Plan
Date: 08 March 2018
- Common Myths about Child Insurance Plans
Date: 07 March 2018
- 5 Benefits of Sukanya Samriddhi Yojana for Girl Child by the Govt of India
Views : 365696
- Top 6 Child Investment Plans in India
Views : 162372
- Best Child Insurance Plans in India
Views : 129247
- Top 5 Child Insurance Plans to Invest in 2019
Views : 94308
- Top 10 child Plans to invest in 2018
Views : 84668
GET ARTICLE ON EMAIL
- Income Tax Calculator
- Other Calculators
- Pension Calculator
- Savings Calculator
- Save Regularly
- Actual Savings
- Health Insurance Premium Calculator
- Car Insurance Calculator
- Bike Insurance Calculator
- SIP Calculator
- Life Insurance Calculator
- Term Insurance Calculator
- ULIP Calculator
- Premium Calculator
- FD Calculator
- Investment Calculator