Investing for your child? Here are three options for you  |  Photo Credit: Getty Images
- An SSY account matures in 21 years, while the contribution period of the account is 15 years
- PPF is another good long-term investment instrument with a maturity period of 15 years
- Since children’s education and marriage are long term goals, one can invest in equity mutual funds for these goals
New Delhi: If you are planning to have kids, just saving money is not enough. Education, healthcare has become costlier and just saving money will not help you accumulate enough money to provide quality education and facilities to your children in future. You need to invest in options that offer inflation-beating returns. Financial planners say that it’s always better to invest in your children’s name.