Where to invest for my child's education?

[Sampat]

I am 30 years old and my son is 2 years old, I want to invest for my child's education. my question is where I should invest-
1- Child plans-ulip
2- Child plan-non ulip
3- Others- mutual funds/equity/Gold etc.


please suggest me where I should invest for that purpose.

Thanking you,
Sampat

[David123]

With exploding education fees, it's no wonder that you want to start saving early for your child's education.The most suitable option depends on various factors like your tax position, the child's situation and how and when you need to access the investment.
Generally, investing in a child's name is the least tax-effective method of saving as a minor's unearned income incurs penalty tax of up to 66%. So, you should invest in your own name.