Good morning sir. I am blessed with a girl child recently. I want to open SUKANYA SAMRUDHI YOJANA account for her. In this central govt. is giving 9.20% interest.is it correct decision? or will you choose any other best plan for her?
Balu-You can invest in the above-said scheme. But I prefer PPF than this one. Reason is, Sukanya Samriddhi Scheme is politically motivated. So I don’t know when they change the mindset.
Invest either of above said product not more than 30%. Rest you must invest in equity mutual funds.