Neha Nagar Instagram – 3 investments for Boy child :
In India education inflation is around 12%, which means school and college fees are doubling every 6 years.
IIM Fees:
2009 – 5 lakh
2015 – 14 lakh
Now – 20 lakh
1. Sovereign Gold Bonds (SGBs):
* Safest option with an approximate 10% return.
* 5-year lock-in period, but tax-free returns if held until maturity (8 years).
* Additional 2.5% yearly interest from the government on top of market gold returns.
2. Nifty 50 Index Funds:
* Higher risk, but historical average returns of 12% can significantly boost your portfolio.
* Nifty 50 grew 20 times since inception in 1995, reaching a record high of 20,000 in 2023.
* Tax benefits: Invest in ELSS for potential tax deductions.
3. National Savings Certificate (NSC):
* Zero-risk investment
* Tax-saving benefits with a 5-year tenure.
* Offers a guaranteed 7.7% return.
Research more about these and invest wisely.
Let me know your questions in the comments.
( Neha Nagar, Investment , Finance ) | Posted on 14/Feb/2024 20:48:46
