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    Sukanya Samriddhi Yojana or Mutual Fund SIP, where will more money be made for the daughter?

    Sukanya Samriddhi Yojana : Every parent is worried about their daughter’s future. They want to collect as much money as possible for his education and marriage. Well, today many investment schemes are available in the market.

    Sukanya Samriddhi Yojana
    Sukanya Samriddhi Yojana

    Sukanya Samriddhi Yojana (SSY) run by the government is also a better investment option. But if you are expecting more returns on your investment then you can also do SIP in Mutual Fund along with SSY.

    Sukanya Samriddhi Yojana

    Sukanya Samriddhi Yojana
    In this scheme run by the government, interest is given at the rate of 8.2 percent. Interest is paid on quarterly basis, which the government can change at any time. The special thing is that a minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited in this scheme in a financial year. For Sukanya Account, the age of the girl child should be between 10 years to maximum 10 years. The money from this account cannot be withdrawn until the child turns 21 years of age.

    Read this: SIP Investment: Do SIP of Rs 5000 for daughter’s marriage, you will get Rs 94 lakh

    Sukanya Samriddhi Yojana

    mutual fund
    There are many equity mutual fund schemes available in the market which offer high returns, however, since mutual funds are linked to the stock market, it is risky, however, if you invest in a good mutual fund scheme through SIP for a long time. So one can avoid market fluctuations and get good returns. Some funds like Nippon India’s fund have given returns of 42.38 percent in a period of one year. Aditya Birla Sun Life also gave a return of 43.02 percent during this period.

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