Investment options for daughter esp. a baby girl.

[nRiTeCh]

As pet the title, what are the best ways parents can start investing money for their children esp. daughters.
The earlier one starts, greater the benefits/maturity amount etc.

Looking for something where the amount matures by the age of 18 or 21 and then the same can be used for the usual life purposes- education, professional, marriage etc.

Even great if premature withdrawals are allowed.

I know there's this Sukanya samriddhi yojana but I'm exploring more options.

So, guys suggest the one you are investing into rather than googled options as anyone can google and find plethora of options but specifically looking for where someone is already investing in real life for the betterment of their daughters.

 

[anmolbhard004]

would suggest Mutual funds [ 50% in midcap , 30% in balanced advantage fund and 10 % in small cap]
this is what I am doing
also invest monthly some amt in blue chip stocks money will grow slow and steady as you have a lot of time currently.
also invest in some US stocks
My SIPs are as follow currently
50%in Motilal Midcap
30% in HDFC Balance Advantage
10%[5% in Nippon Small Cap 5% in Quant Small Cap]
Indian stock pf I swing once a stock gives me 20% returns I sell it
USA stocks I will start soon from next week

just my 2 cents

 

[Rayman]

So this is an interesting topic for me since I am a parent of a girl child and I am being pushed the SSY scheme everytime I visit a post office/bank. I just tell them I have an account even though I dont. I am not a big fan of SSY tbh because of the lock-in which will never make sense since you need funds for education or to create assets like RE. Like wtf. Am I gonna save this money for her marriage? The marriage inflation is way higher than the offered interest rate and personally I don't think the next gen or two may follow the same marriage culture we do.....

So does SSY make sense? Maybe for people who want to preserve capital for 2 decades. So that's that I guess

Given that, I do invest in large and midcap funds purely for college education. May plan to invest a small amount in small cap fund when I get funds. And every 5 years, I will revist this asset allocation and bring down the exposure to risky assets by moving funds from equity to debt/ppf account.

Thanks for reading my rant......

 

[roadrash99]

would suggest Mutual funds [ 50% in midcap , 30% in balanced advantage fund and 10 % in small cap]

Have you checked how your strategy has performed in relation to just investing 100% in Nifty50 for the past 20 years? It's a lot simpler and most likely would give more returns as the TER of index funds is lower.

 

[anmolbhard004]

Have you checked how your strategy has performed in relation to just investing 100% in Nifty50 for the past 20 years? It's a lot simpler and most likely would give more returns as the TER of index funds is lower.

Nifty 50 CAGR in long term is hardly 11-12%
you haven't looked at index historical returns over longer periods @roadrash99 obviously it would need a rebalance after 5 yrs or so but not before that for sure
and if you are so concerned about TER invest only in index funds [Nifty 100 or Mid cap 100] .
FYI
and also before you say to compare with 20 yr data sorry but its not available

 

[yugaaa]

Just buy gold . Do not trust anything else . They can crumble any day , any time . Make sure you buy physical gold and not bonds . Gold coins and bars are legally sold in banks . In case of any liquidity emergency you can pledge the gold . Gold appreciates as well .

 

[rushi1607]

Sukanya Samriddhi Yojana​

​

 

[Emperor]

Physical Gold Vs Digital Gold

Physical Gold vs Digital Gold

Digitalization is the new globalisation and gold in digital forms is gaining popularity. This article covers digital gold vs physical gold.

scripbox.com

 

[yugaaa]

Physical Gold Vs Digital Gold

Physical Gold vs Digital Gold

Digitalization is the new globalisation and gold in digital forms is gaining popularity. This article covers digital gold vs physical gold.

scripbox.com

That article is rubbish . Banks sell 1 gm coins as well . Anything digital is there until someone pulls the plug on the server . Just like PMC bank failure .

 

[roadrash99]

Just buy gold . Do not trust anything else . They can crumble any day , any time . Make sure you buy physical gold and not bonds . Gold coins and bars are legally sold in banks . In case of any liquidity emergency you can pledge the gold . Gold appreciates as well .

Paying 3% GST on gold from the start itself is very bad for the long term value of your investment.

 

[nRiTeCh]

Just buy gold . Do not trust anything else . They can crumble any day , any time . Make sure you buy physical gold and not bonds . Gold coins and bars are legally sold in banks . In case of any liquidity emergency you can pledge the gold . Gold appreciates as well .

I was suggested paper gold instead as the hassles of storing and securing physical gold is not there.
And we can as well sell paper gold/bonds anytime when the need arises.

Anything digital is there until someone pulls the plug on the server . Just like PMC bank failure .

Words of insecurity!

Paying 3% GST on gold from the start itself is very bad for the long term value of your investment.

and this

 

[yugaaa]

I was suggested paper gold instead as the hassles of storing and securing physical gold is not there.
And we can as well sell paper gold/bonds anytime when the need arises.

Words of insecurity!

and this
View attachment 219832

When the govt decides to squeeze everyone and we have a bunch of investment advisors or fund managers , portfolio managers who manage to show the rosy side of things and then have a disclaimer in fine print which most of the consumers ignore , god save such poor souls or idiots .

It is safe to be sorry . On a global scale demonetisation , digital banking , cashless transactions were announced at the same point of time by various countries which in turn are controlled by the world bank and IMF . When we have the larger part of idiots who constitute the population ,who in turn will gladly beat their plates to drive out a virus just to show that their supreme leader knows everything on virus , currency I cannot find fault with recommendations for various forms of investments . Just read the fine prints first before you read where to sign up .

With regard to LTCG I would not mind paying the tax or if possible I would buy using cash and sell using cash . End of the day I can be 100% confident my investment for my kid is safe and I keep the keys of the safe in my hands . While the tax may be higher other costs such as storage , commissions which I never bothered to learn about nor invest primarily because I do not want my savings gone belly up . I trust my instinct rather than the rheoteric .

 

[Emperor]

That article is rubbish . Banks sell 1 gm coins as well . Anything digital is there until someone pulls the plug on the server . Just like PMC bank failure .

why go with PMC kind bank when there is National Banks?
Physical Gold always poses risk of theft & need good secure security.
Choice is your... invest and take risk or invest and live in peace

 

[Tracer_Bullet]

When the govt decides to squeeze everyone and we have a bunch of investment advisors or fund managers , portfolio managers who manage to show the rosy side of things and then have a disclaimer in fine print which most of the consumers ignore , god save such poor souls or idiots .

It is safe to be sorry . On a global scale demonetisation , digital banking , cashless transactions were announced at the same point of time by various countries which in turn are controlled by the world bank and IMF . When we have the larger part of idiots who constitute the population ,who in turn will gladly beat their plates to drive out a virus just to show that their supreme leader knows everything on virus , currency I cannot find fault with recommendations for various forms of investments . Just read the fine prints first before you read where to sign up .

With regard to LTCG I would not mind paying the tax or if possible I would buy using cash and sell using cash . End of the day I can be 100% confident my investment for my kid is safe and I keep the keys of the safe in my hands . While the tax may be higher other costs such as storage , commissions which I never bothered to learn about nor invest primarily because I do not want my savings gone belly up . I trust my instinct rather than the rheoteric .

There is no protection if govt goes rogue. They can nationalize all gold. Perhaps for nothing. Make it a crime to own it.

We cannot plan beyond a point and see everything. Gold can crash too, good to diversify between multiple assets.

 

[yugaaa]

PMC bank was quoted as a reference . Nationalised banks if they go kaput the maximum that one can get is 5 lakhs .Even if your deposits are more than 10 crores . Given the mergers and the kind of loans that banks are doling out to cronies I am not sure if some banks can afford to stay float .
With regard to physical gold , one can use a locker at a bank . Much more safe and secure . Even if the bank goes kaput the access to lockers is not affected .

why go with PMC kind bank when there is National Banks?
Physical Gold always poses risk of theft & need good secure security.
Choice is your... invest and take risk or invest and live in peace

There is no protection if govt goes rogue. They can nationalize all gold. Perhaps for nothing. Make it a crime to own it.

We cannot plan beyond a point and see everything. Gold can crash too, good to diversify between multiple assets.

With gold it is not possible . The black market for gold is big . Has demonetisation totally eradicated Hawala operators ? The govt is kind of close to trying to restrict and make it a crime . May be in a few years the govt will have the support to do such a thing . But , if gold crashes everything crashes . That is why it is probably the gold standard . So as an investment physical gold would be the last resort . Currency , documents all can become redundant and some joker will come on TV and claim things contrary to the welfare of the people . A few will rejoice at the pain of others initially but late realization happens when they also get sucked into the vortex they supported .

 

[Tracer_Bullet]

With gold it is not possible . The black market for gold is big . Has demonetisation totally eradicated Hawala operators ? The govt is kind of close to trying to restrict and make it a crime . May be in a few years the govt will have the support to do such a thing . But , if gold crashes everything crashes . That is why it is probably the gold standard . So as an investment physical gold would be the last resort . Currency , documents all can become redundant and some joker will come on TV and claim things contrary to the welfare of the people . A few will rejoice at the pain of others initially but late realization happens when they also get sucked into the vortex they supported .

Your thinking is surreal, i will not try to change your mind and anyway i am not an expert.

Gold can act as a store of value, protects against rupee fall, can act as an hedge against market crash, can probably protect against hyper inflation.
So has some uses.
But 100% in one asset puts us at risk against unforseen things.

I have had 0% in gold all my life, doing ok. Equity works well long term, debt for near future needs and to balance equity. Gold should help too against equity.
10Y Gilt can too.

 

[Emperor]

PMC bank was quoted as a reference . Nationalised banks if they go kaput the maximum that one can get is 5 lakhs .Even if your deposits are more than 10 crores . Given the mergers and the kind of loans that banks are doling out to cronies I am not sure if some banks can afford to stay float .
With regard to physical gold , one can use a locker at a bank . Much more safe and secure . Even if the bank goes kaput the access to lockers is not affected .



With gold it is not possible . The black market for gold is big . Has demonetisation totally eradicated Hawala operators ? The govt is kind of close to trying to restrict and make it a crime . May be in a few years the govt will have the support to do such a thing . But , if gold crashes everything crashes . That is why it is probably the gold standard . So as an investment physical gold would be the last resort . Currency , documents all can become redundant and some joker will come on TV and claim things contrary to the welfare of the people . A few will rejoice at the pain of others initially but late realization happens when they also get sucked into the vortex they supported .

how many nationalized bank went kaput since, Govt. of India starts nationalizing banks since19th July 1969?

 

[yugaaa]

how many nationalized bank went kaput since, Govt. of India starts nationalizing banks since19th July 1969?

Good one . How many public sector banks were merged until 2014 and now ?
How much of loans have public sector banks provided to cronies from July 1969 and from 2014 until now ?
Private banks were nationalised so that the citizens can have cheaper banking access , loans , small businesses can benefit . Today public sector banks have the same rip off attitude similar to private sector banks . Look at charges , penalties etc .. one can realise that the banks can be merged and then "disvested " just like many other PSU companies . Can public sector banks operate independently ? NO .. They have to depend on private service providers to their day to day banking operations . Simple example would be CIBIL .

Your thinking is surreal, i will not try to change your mind and anyway i am not an expert.

Gold can act as a store of value, protects against rupee fall, can act as an hedge against market crash, can probably protect against hyper inflation.
So has some uses.
But 100% in one asset puts us at risk against unforseen things.

I have had 0% in gold all my life, doing ok. Equity works well long term, debt for near future needs and to balance equity. Gold should help too against equity.
10Y Gilt can too.

When I said people can die of vaccines .. they laughed at me . Now I keep laughing at them . I do not sell gold nor trade in gold. I do operate in different countries and see a close pattern in how govts work , fool , manage people .

I have seen people lose their savings investing their hard earned money for 24% -36 % returns and die of heart attack or live the life of a destitute after being paralysed from the shock . The ones who took the money continue to lead a very good life with no consequence or remorse .

For practical purpose , I have invested in farmland since I still have time to invest on gold . I have a decent farm now which gives me a decent return and I can ward off any doomsday with practically no money in my hand .

 

[Tracer_Bullet]

Good one . How many public sector banks were merged until 2014 and now ?
How much of loans have public sector banks provided to cronies from July 1969 and from 2014 until now ?
Private banks were nationalised so that the citizens can have cheaper banking access , loans , small businesses can benefit . Today public sector banks have the same rip off attitude similar to private sector banks . Look at charges , penalties etc .. one can realise that the banks can be merged and then "disvested " just like many other PSU companies . Can public sector banks operate independently ? NO .. They have to depend on private service providers to their day to day banking operations . Simple example would be CIBIL .

When I said people can die of vaccines .. they laughed at me . Now I keep laughing at them . I do not sell gold nor trade in gold. I do operate in different countries and see a close pattern in how govts work , fool , manage people .

I have seen people lose their savings investing their hard earned money for 24% -36 % returns and die of heart attack or live the life of a destitute after being paralysed from the shock . The ones who took the money continue to lead a very good life with no consequence or remorse .

For practical purpose , I have invested in farmland since I still have time to invest on gold . I have a decent farm now which gives me a decent return and I can ward off any doomsday with practically no money in my hand .

Cool. Don't see anything wrong with your plan as you make money. Anyone expecting 24%-36% from any asset, without active trading ( which itself is only for a minority), is ignoring risks or expecting too much.

For doomsday, better have some guns too, secure water, save lots of canned food and anything that lasts for years. And start watching Walking dead etc for more ideas.
If it does happen you'll look like a genius - If someone doesn't take it from you by force and everything goes as planned. Good luck.

 

[yugaaa]

Cool. Don't see anything wrong with your plan as you make money. Anyone expecting 24%-36% from any asset, without active trading ( which itself is only for a minority), is ignoring risks or expecting too much.

For doomsday, better have some guns too, secure water, save lots of canned food and anything that lasts for years. And start watching Walking dead etc for more ideas.
If it does happen you'll look like a genius - If someone doesn't take it from you by force and everything goes as planned. Good luck.

I foresee a civil war happening some time soon . People will get to a point where hunger will rein supreme .