Best Investment Plans for a Newborn Baby in India, 2022

1. Sukanya Samridhi Yojna

2. Public Provident Fund (PPF)

Top Investment Plans for New Born Baby

3. Post Office Savings Account

4. SBI Life Smart Scholar

5. ICICI Pru SmartKid Solution

6. HDFC SL YoungStar Super Premium

7. Max Life Shiksha Plus Super

This is a plan crafted for young girls and was initiated by the Indian Government under the campaign called ‘Beti Bachao Beti Padhao’.

1. Sukanya Samridhi    Yojna

1.  Guaranteed returns

2. Parents can open the account on behalf of      the newborn baby girl

3. Up to 7.6% interest rate

4. Allow partial withdrawal after completing     the lock-in period

With a PPF account, parents of a girl child can invest their money for over 15 years, which is a long time.

2. Public Provident Fund 

1.  Offers high rate of interest

2. Offers tax deductions

3.  7.1%. is the current annual compound      interest rate on PPF

4. Serves as an ideal option for parents of girl      child with low-income

5. You can start your investment with just            Rupees 500 per year

This is a Indian post office scheme that allows parents to open an account on behalf of a newborn baby girl.

3. Post Office Savings       Account

1. Offer 4% per year interest rate on deposit

2. You can open the account with Rs. 500 as      the minimum deposit

3.  However, the account has no upper limit      of deposit

4. As the girl child turns 18, she can fill a new     application with KYC documentation.

5. These are the most safest savings      schemes as well as affordable one

This is a plan to secure your girl child’s future monetarily by initiating investments in bonds or other market-linked funds. This investment also allows you to receive an accidental benefit and waiver on premium payout among other benefits. So under this plan, if the parents die, the girl child receives a lump sum amount and future premiums are also waived off. However, despite this the policy still goes on till maturity.

4. SBI Life Smart Scholar

This investment plan can be availed by parents to invest to secure money for the higher education of their girl child. This is a long-term plan associated with market- linked finances. This plan allows you to enhance funds through debt and equity.

5. ICICI Pru SmartKid       Solution

This is a financial protection plan meant for your girl child available with flexible benefits such as

6. HDFC SL YoungStar       Super Premium

1.  Save Benefit and

2. Save-n-Gain Benefit

3. Income Fund

4. Balanced Fund

5. Blue Chip Fund

5. Opportunities Fund

This is another unit-linked best investment plan that can help you in enhancing your wealth and serves the double purpose of life insurance protection as well as life security of your daughter.

7. Max Life Shiksha Plus        Super

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