Keeping that in mind, there are few investment options, including mutual funds, stocks, golden and property, among others that may help you to collect a decent corpus for the son or daughter in the long term.
Go right ahead, in case you have not begun investing for the child’s future and start it now, as cash has to be compounded to increase wealth.
For instance, auctions have delivered over 1,000 percent return over the past 15 years. Those who waited patiently for the right time to enter stock market might have missed some gains during the interval.
Even the 30-share Sensex has surged from 2,960 on November 13, 2002 to over 33,000 at present. Select equity funds have also delivered over 15 per cent annualised yield in the past 10 years.
Gold prices have jumped from almost Rs 5,000 in 2002 at present to almost Rs 30,000, indicating a rise of 500 in 15 years.
When asked about if should one start buying a kid, Dhirendra Kumar, CEO of Value Research in a conversation with ETNow stated, “As early as possible even before the child is born as for such long term goals cash needs to compound. If you devote time to your investment, then the magic of compounding will do the job.”
Kumar further advised that investing for the next 15-20 years, you need to decide on investing and equity in multicap funds is the easiest thing that you can do.
One may also start a systematic investment plan () for a youngster and boost the amount when possible.
Kumar said, “Choose a multicap fund, this really is the easiest way where you can diversify and be sure that you are investing frequently. My Selection of multicap funds are Franklin India High Growth Companies Fund, ICICI Prudential Value Discovery Fund and SBI Magnum Multicap Fund. These three funds follow another plan but they take a fairly diversified portfolio and mixing just two of those three funds will actually help you achieve superior diversification.”
Those who want to take exposure. Nitasha Shankar, Senior Vice President and Head of Research, YES Securities believes Symphony and Future Retail can double wealth in the next 3 Decades. Axis Securities sees 100 percent increase in Dilip Buildcon, Steel Strip Wheels and Mold-Teck Packaging.
While commenting on gold, Kunal Shah, Head of Research, Nirmal Bang stated, “It is the correct time to start accumulating gold.”
Ahammed MP, Chairman, Malabar Gold & Diamonds stated, “Geopolitical tensions across the North Korean dilemma are inviting for the gold.”
source http://www.the-childrens-guide.com/childrens-day-special-if-to-begin-investing-for-your-childs-potential/
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