Index Fund Corner
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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
Below are several saving options for securing a child’s future:
NPS Vatsalya Scheme
The NPS Vatsalya is a pension scheme introduced by the central government, allowing parents to invest for their children’s future financial security. The minimum annual contribution is ₹1,000, with no upper contribution limit.
Sukanya Samriddhi Yojana (SSY)
SSY is a savings scheme designed for the benefit of girl children. It is a 21-year program that can be opened for a girl under the age of 10. After the age of 18, the girl can withdraw up to 50% of the balance for higher education. The account can also be closed after the girl turns 18 for her marriage.
Systematic Investment Plan (SIP)
SIPs in mutual funds are an investment option for securing a child’s future. These plans allow for investment in debt, equity, or hybrid funds, and have the potential to yield returns based on market performance. Since these plans are market-linked, the returns are subject to fluctuations in the market.
Recurring Deposits (RDs)
Recurring Deposits (RDs) are a low-risk investment option for parents planning for their children’s future. With regular deposits, parents can accumulate a corpus over time. RDs are offered by both banks and post offices and are considered a stable choice for child savings.
Public Provident Fund (PPF)
The Public Provident Fund is a long-term investment option that is generally considered secure. It allows annual investments between ₹500 and ₹1.5 lakhs, with a 15-year lock-in period. The returns are typically above 8%, and PPF qualifies for tax benefits under Section 80C. Additionally, the interest earned is tax-free.
