Know Everything about Fixed Deposit Interest Rates. Get latest Updates and news on FD schemes and earn high returns on your Investment.

Long Term Investment Options to Financially Secure a Child’s Future

Saving and investing for a child’s future is always on the long term financial plans of parents and would-be parents. It is important to start early as a corpus needs to be built to cover the educational expenses that can run up to several figures and expenses beyond that until the child is financially independent in the future. Individuals have the option of placing all funds in a single investment vehicle, but a better choice in this regard is opting for a diverse investment portfolio by parking funds in a number of vehicles. The most significant advantages of doing so are, risk gets minimized and returns from the investment are maximized.


Here is a list of options to consider when the primary aim of investing is securing the future of a child financially:

Public Provident Funds

Since we are aiming for fulfillment of long term financial needs, a public provident fund is apt as it has a lock in period of 15 years. It provides an interest rate of 7.6% and is backed by the Government of India. The maximum amount that can be invested per financial year is INR 1.5 lakhs.



Fixed Deposits

One of the safest investments for a child’s future, fixed deposits for child provide convenient interest payout options that could be cumulative wherein interest is received at maturity and non-cumulative, where interest is received in regular intervals of 30 days, 3, 6 or 12 months. Depending on the bank or Non-Banking Financial Company (NBFC) interest rates can be as much as 8.10%.

Investing in any of these would ensure that the principal is safe and is earning good returns for the tenure decided, without the investor having to worry about market fluctuations.

Have any doubt about Bajaj Finance FD Schemes? Read Bajaj Finance Reviews or visit Bajaj Finance Contact Details to talk to our Customer Care Representative directly.
Also check Bajaj Finance FAQ for quick solution for any question.

2 comments:

  1. Shreyas Enterprises home loans in Vizag

    Shreyas Enterprises Vizag is engaged in offering Home Loans to the clients In Visakhapatnam. A crew of experienced personnels
    works with enthusiasm for rendering best services

    ReplyDelete
  2. Sometimes in life there are genuine
    shortcuts.

    Shortcuts which can be life-changing
    and in this case transform your wealth.

    But even shortcuts require a level of
    discipline and focus.

    This opportunity is one such shortcut:

    http://five-minute-profit-sites.net?SLLO541

    It requires setting aside a minimum of
    23 minutes a day.

    That might sound like nothing but
    in my experience most people struggle
    to go 23 minutes without checking their
    phone.

    I want you to promise me something.

    Go to this private page right now and
    decide if this is the kind of shortcut
    that fits with your lifestyle and mindset:

    http://five-minute-profit-sites.net?SLLO541

    The financial reward from this small
    time investment could literally change
    your life.

    Please let me know how you get on.

    ReplyDelete