The best way to start is with a mix of savings in debt products (like FD, SSY, NPS, EPF, DSOPF, PPF etc) and investments in mutual funds and equity markets.
While the debt risk free products will give you assured, though low returns that will multiply every year, the mutual fund will balance it out with a possibility of high growth. This strategy will help you better manage your risks and returns.
“The day you plant the seed is not the day you eat the fruit. So sooner you sow these seeds of savings and investments, better the chances of your money growing into a big enough tree to provide fruits to your children.”
Even we have basic knowledge about gardening & with some research we can do our own but still we prefer to hire a gardener who can better take cares of our plants, flowers & fruits. They can with their expert knowledge about caring ideas can shape your garden a dream place for you. Same way child future plan is an important issue cannot be a one-time affair. Only a financial expert, who understands the market forces and is into the thick of it can handle such delicate tasks. That expert should, in addition, understand your requirements and dreams, and the availability of your resources so that the financial solutions just right for you can be homed on to.
Child future plans are ideal for ensuring funds for your children’s future needs.