LXME Child Education Plan<\/u><\/strong><\/a> which is a mix of 70% equity & 30% debt which aims at a targeted return of 14% p.a.* (market-linked). This plan is diversified, well-researched, and curated by experts. You can start investing for both boy and girl child.<\/p>\n\n\n\nOn the ending note, both the above mentioned investment options have their own pros and cons, so, before investing in any investment instrument you should first assess your goal, time horizon, and risk appetite. So, PPF or Sukanya which is better depends on your needs and goals.<\/p>\n\n\n\n
Lastly, one should diversify their investment against different asset classes in order to get optimum returns along with managing risk.<\/p>\n\n\n\n
*Mutual funds are subject to market risks, read scheme-related documents carefully.<\/p>\n\n\n\n
<\/span>FAQs<\/strong><\/span><\/h2>\n\n\n\n
\n
\n
<\/span>Can NRIs invest in SSY and PPF?<\/strong><\/span><\/h3>\n\n\n
No, NRIs cannot invest in SSY and PPF, only Indian citizens are eligible to invest in these schemes.<\/p>\n\n<\/div>\n<\/div>\n
\n
<\/span>Can we extend the PPF investment after 15 years of maturity?<\/strong><\/span><\/h3>\n\n\n
Yes, an investor can extend their PPF account after the 15-year maturity period in five-year blocks for an infinite number of times.<\/p>\n\n<\/div>\n<\/div>\n
\n
<\/span>Is SSY interest taxable?<\/strong><\/span><\/h3>\n\n\n
No, SSY falls under the EEE\u00a0tax category where exemption is available during investment, interest received, and at the time of withdrawal.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n
Share this blog with your friends and family if you find it insightful.<\/p>\n\n\n\n