What is your say on Max Life Future Genius Education Plan ?
Is it a good debt investment ? Also when compared to Sukanya Samriddhi Account Yojana ?
Have already started investing in Equity MF and wanted to have Debt exposure ?
Max Life Future Genius Education Plan is a typical endowment plan selling with the psychological gimmick calling as CHILD PLAN. Stay away from such plan and they are the most dangerous investment products when it comes to child future planning.
You can expect return of around 4% to 6%. Liquidity is the biggest issue even though you consider this as debt product. How you do the asset allocation between equity and this product? A simple product like PPF can easily beat the returns of this product.