Hi, I need to invest 2000 Rs for my girl child for 15-20 years. I am confused between sukanya smridhi or SIP. Please let me know which is better. And I need to choose one fund for SIP(2000 Rs for 15-20 years) which needs to be chosen?
1 Answers
Hi,
You may consider opting for both, SSA & an SIP in equity oriented mutual fund schemes.
We cant compare both the options as one is debt oriented long term savings product and other one is equity oriented one (with high risk profile comparatively).
Both can be part of your portfolio to generate inflation adjusted decent returns.
Kindly read :
https://www.relakhs.com/calculate-kids-education-goal-amount/
https://www.relakhs.com/sukanya-samriddhi-account-govt-scheme-girl-child/
https://www.relakhs.com/best-mutual-fund-schemes-2017/
By the by, may I know if you have adequate life insurance cover?
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