Choose the Best Investment Plan for Your Child’s Education Today

It is a well-known saying that ‘dust thou art to dust thou returnest.’ This if explained in the financial context, means that even the richest of people don’t take away their money with them. It is left behind after their demise. The question remains, why does everyone try to maximise their accumulation of wealth? The answer is rather easy. It is for their children and their future. But why would one wait till their end to pass on a good corpus to one’s successor?

Today, you can choose the best investment plan for your child’s education at Bajaj Finserv’s website. Many people wonder when should they start these plans. Well, the answer is the sooner the better. The reason being that earlier you start, the smaller initial investment you can make.

You can have a longer time to save, lesser risks and benefits of compounding all at once. long with financial security, the need of the hour is soft skills and education about practical concepts that can be used in life. This can be ensured by teaching them money management. Following are some investment options: 

1. Equity Mutual Funds: Due to its volatility and great dependence on a multitude of factors, wariness around the stock market shall always prevail. This is where investing in an equity mutual fund is a great option. These funds contain a set of low-risk companies chosen by experts and thus provide higher guarantee of stable returns. If you start when your child is 5 years old, you can also experiment with Systematic Investment Plans (SIPs) and thus allow yourself to have a large corpus when the time to spend for his/her education arises. Equity MFs can prove to be better than fixed deposits for children by providing returns of 12-13% in the long run. 

2. Provident Funds: With the drop-in interest rates on PPFs, it is imperative to switch to pf online. This is a less lucrative but still viable long term investment option to secure your child’s education. 

3. Fixed Deposits: These are a viable option that will further ensure good returns and serve as a secure investment. Get assured returns up to 6.50% for non-senior citizens with 0.10% rate benefit on investing online. Highest safety of deposit, with highest ratings of FAAA by CRISIL, MAAA by ICRA, Bajaj Finance has a deposit book of Rs. 20,000 crores with 2,35,000 unique FD customers, Deposit(s) starting Rs. 25,000, Choose to receive payouts, at maturity or on a periodic basis, Flexible tenures from 12 to 60 months, Auto-renew your FD with additional rate benefit of 0.10%, Get attractive loan against FD facilities, in case of emergencies, Option to save on a monthly basis with Systematic Deposit Plan (SDP)

While there are several other alternatives like debt mutual funds, money-back insurance plans etc; the best option would be an FD for your child’s education. Apart from its individual perks, FDs serve as a good choice because of the experience or high subscribers that they have in comparison with other instruments. Rather than looking at a provident fund online, you must just choose the Bajaj Finserv Fixed Deposit for securing your child’s education.