I want to invest 5 lakhs for at least 10 years for my kid education, who currently is 10 years old. Please suggest an investment option, which is secure and gives reasonable good return in 10 years.
Thanks,
JamesSimilar Threads:
I want to invest 5 lakhs for at least 10 years for my kid education, who currently is 10 years old. Please suggest an investment option, which is secure and gives reasonable good return in 10 years.
Thanks,
JamesSimilar Threads:
I would suggest you to invest in three parts -
Part 1 - Open a PPF account for your child and put 1 lac in it, you will also get tax rebate of 70,000 from it.
Part 2 - Invest in two or three equity Mutual fund - 2.5 lacs
Part 3 - e-gold - 1.5 lacs