One time plan for new born baby,best investment plan for girl child in India,best child education plan in 2019,best child education plan in 2020,best investment plan for child future,child investment plans in sbi,best one time investment plan for child,best child plan for education and marriage
Land :
A minor can acquire an immovable properties in various way like GIFT .
The agreement for the transfer of any immovable need to be registered,Registration ,Act ,1908 ,since any gift has to be accepted by the donee to make ti effective,
It is advisable that the gift is accepted by the registration auth,Legally ,a minor can be sign the gift deed of immovable property.
Gold :
Depends on the requirement ,investments in gold can be liquidated very faster than physical assets like real estate.
Very safe and secured investment
Post office PF account :
There is no age limit to open a PPF account ,In case of minor,the account will be operated by guardian util the account holder turns 18.
Where can open PPF account :
Post office or deputed banks authorized to open account
Minimum/Maximum investment :
Minimum 500 rs per year
Maximum 1.5 Lack per year
Stock market :
Minors may not be able to open own brokerage account on his name,but family or friends can help them set up guardian account,and when child begins to earn money ,she or he can open an IRA.
Insurance/SIP:
SIPs are one of the best way for parents to build wealth for child education and marriage.
SIPs can be good but when considered for the long term if you have the best funds in your portfolio.
Thank you for sharing useful information about one time plan for new born babytest. Such a nice article. For more details.Child Education Plan
ReplyDeleteAs Omega Insurance Brokers, we understand the significance of securing your child's future. While one-time plans for newborns seem appealing, our focus is on providing comprehensive child education insurance plans in Dubai, UAE. Unlike standalone options, our tailored solutions offer enduring benefits, ensuring your child's educational needs are met, regardless of uncertainties. Trust Omega for holistic coverage and peace of mind, safeguarding your child's educational journey from infancy to adulthood.
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