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Children’s Day 2021: Experts Weigh In On 5 Investment Options For Your Kids’ Financial Security
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In view of the rising cost of living and education, it has become very important for parents to start saving early to secure the financial future of their children. Just saving money in a bank account may not serve the purpose. Instead, parents should choose suitable investment options to secure the financial future of their children. It always helps to invest as early as possible to give your investment the time to grow and accumulate the requisite corpus.
But where to invest to meet the financial needs of children? FE Online talked to three industry experts regarding the five investment options for children. Here’s what they suggest:
1. Equity Mutual Funds: Education costs have been rising more by over 10% each year on an average. But it’s
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