Which is The Perfect Investment for a Girl Child?

As a parent, it is your primary concern on how to provide a financially stable yet safe future for your little loving daughter. There are many ways to invest in your daughter’s future. Choosing the right plan or the right investment option before jumping into investing in your child’s future plays a considerably important role in how secure your daughter’s financial future will be. 

While investing in a plan or an investment instrument, you must be very careful and pick a safe and effective option. Considering all your financial aspects, the needs of the child, and the flexibility of your financial position before investing in your child is an utmost necessity in order to provide the best of all the benefits. A girl child has more needs than a boy child. The parents must be ready for surprises or sudden expenses like their marriage expenditure. To provide the girl child with enough financial support to help her fulfill her goals, you must carefully build a plan to invest in.

You may also like to read:- Types of Child Insurance Plans 

3 Best Investment Options for a Girl Child

There are many ways to invest in a girl child’s future that give you good returns. Some options with good benefits and return rates that suit a girl child are -

• Gold ETFs

One effective way to invest in a low-risk but high return rate investment is to buy gold. You do not have to buy gold physically. You can buy the God ETFs issued by the government regularly. There is no risk of theft as the gold you buy is in the form of bonds and virtual. This gold can act as a liquid asset as you can convert the gold into cash anytime you want by selling the gold. You can pool gold after buying small amounts over a few months period. The only drawback to this investment is that you will have to pay taxes applicable while selling the gold.

• Child Plans

Child plans are life insurance and investment plans specifically built to meet the needs of a child. They help the parent or the guardian to save and grow money for the future financial needs of the child. These plans help the child reach their financial, educational, and any other major goals they set for themselves in their life financially. These plans come with great benefits and high return rates. They not only help you save and grow but also take care of your child’s financial news even if there happens to be an unfortunate event of the parent or the guardian’s sudden death. In this case, the premiums of the policy are paid on behalf of the child by the insurer.

Also Read:- What are Child Plans? 

Conclusion

IT is important to be prepared for the financial requirements of your child. Many parents think they are ready to face the challenges life throws at them and that they have planned for everything but there occur some unforeseen circumstances where the money they planned to save and grow for their girl child is not sufficient. To avoid such situations, it is advised to invest in safe and effective investment instruments.