Mutual funds: New Sebi rules relating to children's investment to come into effect from June 15. Details here

According to the latest SEBI rules, parents do not need to buy mutual fund (MF) units from the minor’s account only. They can use their personal account as well

Your Questions Answered: Where and how much should I invest for my child's foreign education goal?

Invest in a mix of equity and debt funds with a high allocation to equity funds, and consult a financial advisor for a customised investment plan tailored to your needs and goals, to accumulate the required corpus for your children's college education.

SSY Scheme: How can subscribers make the most of compounding and tax benefits?

The SSY Scheme offers a decent interest rate at par with debt fund schemes while also lending tax benefits. This double whammy benefit is something no parents of a girl child can afford to ignore, especially, looking to save and invest for their ward.

Your Questions Answered: I’m 33 and want to teach my child money management. Is it the right time?

It is never too early to start teaching children about money management, so take baby steps and help them learn in a fun and engaging way while instilling values of prioritising family and friendship over money.

Children's funds: Consider these factors before investing; 5 experts share their views

Investing in children’s funds is gaining precedence considering how the effect of inflation is disabling corpus accumulation for children’s higher education, marriage, etc.

4 ways to prepare your finances for your children's education needs

In order to ensure their children's future success, parents should start early when saving for higher education, choose the right option, manage expenses and review their portfolio regularly.

Your Questions Answered: How much percentage of my total income should I invest for my retirement and child’s education?

Creating an investment plan tailored to your retirement and child's education goals, along with an emergency fund, with the help of a financial advisor, is essential for achieving financial success.

Teach them young: These tips can help children become well-versed in money management

By instilling a sense of financial responsibility early on, we can help our children build a strong foundation for their future financial success. Here are some tips to help parents as they teach their children about money management

Investing in a mutual fund for your minor child? Know these rules set by SEBI

To invest in the name of your dependent minor child, you must first open a bank account in his or her name. This is because SEBI mandates mutual fund houses to accept payments, towards mutual fund investments, only from the minor’s bank account or a joint account that the minor may be holding with his or her guardian.

From Sukanya Sammriddhi Scheme to Insurance: 6 investment options to secure your child’s future

The investment product you choose for your child's future depends on their age and life goals. Regularly reviewing and adjusting the investment portfolio to account for factors such as inflation, goal changes, risk tolerance, and so on.

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personal finance

Mutual funds: New Sebi rules relating to children's investment to come into effect from June 15. Details here

personal finance

personal finance

personal finance