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Women’s Day: Five ways can strengthen the economic future of daughters, there will be no tension for marriage and studies

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new Delhi. International Women’s Day is being celebrated all over the world today i.e. on 8 March. In such a situation, along with the safety of your daughters, you can gift them a strong financial future. Your beginning today can make them financially strong and self-reliant.

In fact, with the birth of a daughter, the parents start worrying about her education and marriage. In such a situation, by making a long-term plan, investing a little bit, you can raise a big fund in the coming time. These are the five ways in which investing can give financial strength to daughters.

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Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana is the most popular investment option for daughter. This account can be opened in any bank or post office in the name of maximum two daughters. In this, starting from Rs 1,000, you can deposit up to Rs 1.5 lakh annually. It is getting 7.6 percent interest. On completion of 21 years of account opening, it will mature and the entire amount can be withdrawn.

national savings certificate
It can be opened in the name of daughters. It is currently giving a guaranteed return of 7.6 percent annually. One can start investing with Rs 1,000 in this, while there is no maximum investment limit. The maturity period is 5 years, on which tax exemption is also available. Accounts can also be transferred from one name to another.

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Children Gift Mutual Fund
This scheme is started especially in the name of daughters. It has a lock-in period of 18 years, which makes for a huge amount of money in the future. This amount is invested in equity and debt funds. Although fixed interest is not available on this, but due to being associated with the stock market, there is a possibility of strong returns. If you invest 5 thousand rupees every month through SIP, then in 18 years at the rate of 12% you will get Rs 38,27,197. Your total investment will be only Rs 10.80 lakh.

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gold etf
If you want to buy gold jewelery or other jewelery for your daughter, then a better option is to invest in Gold ETFs. These gold funds are traded in the stock market, which has the potential of higher returns than other schemes. There is no need for any locker to keep it safe and there is no fear of theft. There is no maturity period in this, so you can sell it whenever you want and withdraw the amount.

Unit Linked Insurance Plan
The scheme offered by insurance companies gives double protection to the daughters. In Unit Linked Insurance Plans (ULIPs), along with getting the benefit of life insurance, a large corpus is also generated on maturity in the form of hefty returns. Insurance companies also decide the benefits of ULIP plans separately, on which up to 9% interest is available.

Tags: International Women’s Day, Investment, Personal finance, Saving

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