Index Fund Corner
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| name of the scheme | 1-year returns | 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% |
Here are some of the major investment options available to girl child in India.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme.
The interest rates applicable on this are reviewed every quarter.
Currently, investments in Sukanya Samriddhi Account (SSA) in designated post office branches earn interest at the rate of 8.2%.
A legal guardian/natural guardian can open an SSA in the name of a girl child. According to India Post, the account can be opened only till the age of 10 years from the date of birth.
Customers can open Sukanya Samriddhi account with a minimum investment of ₹250 and maximum of ₹1.50 lakh per financial year. Subsequent deposits into the account can be made in multiples of ₹50.
Children Gift Mutual Fund
It is a type of mutual fund that aims to meet various life events of the child, such as marriage, higher education, etc. Gift funds invest in a combination of debt and equity instruments. An example of debt instruments are fixed income securities and equity shares.
lic jeevan tarun
Life Insurance Corporation of India (LIC) offers Jeevan Tarun plan, which is specially designed for children including girl children. It offers a combination of savings and protection, with payments available for the child’s educational needs between the ages of 20 to 25.
The plan also offers a lump sum amount on maturity and also provides life cover.
Ladli Laxmi Yojana
Ladli Lakshmi Yojana implemented by various state governments aims to improve the social and economic status of girls.
Under this scheme, the government purchases National Savings Certificates in the name of the girl child, and periodic payments are made to her family.
When the girl turns 21, she can withdraw the entire maturity amount.
Girl Child Prosperity Scheme (BSY)
Balika Samridhi Yojana is another government-backed initiative that aims to promote the welfare of girls in India, especially those from economically weaker sections.
Under this scheme, a cash incentive is provided at the birth of the girl child, followed by an annual scholarship to ensure that they receive education up to higher secondary school.
cbse udaan scheme
It is one such scheme launched by the Central Board of Secondary Education (CBSE) in collaboration with the Ministry of Human Resources and Development (MHRD), Government of India. Its objective is to increase the rate of enrollment of female students in engineering colleges of the country.
