In the age of gender equality and equal opportunities, parents of a girl child consider 3 main responsibilities as their duty towards her – Good Education for her to be independent, a thoroughly planned wedding and a well-framed financial support in case of emergencies. Fulfilling all 3 requires some well carved out financial plan and discipline from her younger days to beat the inflation (the year on year cost increment).

The unavoidable and the most important duty of providing for her education in higher expensive courses can be planned for by invest in the Government of India initiative – Sukanya Samriddhi Yojana. Parents can start investing in it as early as their birth till they turn 10. It generates a return of 8% with a maximum deposit of 1.5 lacs per annum. It matures when the girl turn 21 or once she gets married, after 18, whichever precedes. The greatest advantage is that at maturity (8 years) is tax-free while the lock-in period is only for 3 years. What better way can there be than educating her to empower her and her next generation?

Moving onto the wedding goals, there is an age-old habit of accumulating physical jewelry over a period towards her wedding. Sovereign Gold Bonds is an alternate smarter investment in gold. It comes with a promising growth of guaranteed 2.5% over and above the gold price appreciation. To add to this, it is not taxable on maturity. Above all, it is investing in 99.9% pure 24 carat gold, which means you are protected from all additional making charges, wastage charges and GST as in the case of physical gold jewelry. More so, she gets to choose jewelry of her choice when the time is right.

The third and crucial goal of financial stability in emergencies is the easiest of all. It can be simply met by investing in good long term Mutual Fund schemes. One can start very early even before she turns 1. In the long term, it will accumulate enough wealth to support her during any unforeseen circumstances.

How to go about it? Easy, engage a professional financial advisor. Invest now and gift her a hassle-free future, because

She is the exclamation point in the happiest sentence you could ever write.

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