How To Invest for Children’s Future | Best and Efficient Financial Plan for Child’s Future | ETMONEY
Video Overview & Insights
Parents want their children to be happy, healthy and to be successful. What connects these desires in a direct or incidental way is ofcourse money. And this video is all about the planning that path which can help achievement the many goals you have planned for your child.
Straight to the point. Calm and composed way of explanining. No distractions of bell icon and request for like, comment or subscribe. Eventually, if people like it they will recommend to their friends, family and colleagues. thank you.
Topics covered in this video
00:00 Introduction
Nothing conclusive
03:06 Where to Invest?
03:57 Insurance (Child Plans)
Superb explanation kudos sir
05:04 Mutual Funds
06:27 Fixed Income Instruments (FDs, Sukanya Samriddhi)
very informative
08:27 Gold and Real Estate
10:42 Some Useful Strategies
We'll explained in short form sir 🙏
Four best practices that you can put to good use when managing money for your children
1.Set Realistic goals
amazing indepth knowledge.....really great job sir....thank you so much....👌👌👌
2. Stick to a plan
3. Don’t be swayed by short term news and noise
Commendable to see how easily and amazingly you do explain such complex subjects sir. I am learning alot about investments and also a presentation skills while watching your video which explains that one doesn't need to be loud or attempt to grab people's attention by doing anything unnecessary. Plz do add me to your FAN list sir...🙂
4. Educate yourself
👉 WHERE TO INVEST?
Dear Sir,
Is it possible to invest in direct mutual funds for minors? Most apps do not allow account opening for minors. Please guide
INSURANCE
Child plan is pretty much like an endowment or a ULIP plan but it does have one unique benefit which is, that this plan does not terminate upon the death of the insured parent. However, since the time frame between now and the targeted goal is on the higher side in our opinion, a combination of mutual funds and a term insurance plan can do a much better job by not just earning more returns but also by providing a higher life insurance cover.
Congratulations for your new born.
MUTUAL FUNDS
these children specific mutual fund schemes are nothing but aggressive or balanced hybrid funds that come with a lock-in period, a high expense ratio .. and often generate average category performance
I guess hdfc children gift fund by hdfc amc is quite good option. I have used it for my kids.
In our opinion, there are a couple of alternatives to consider here
1 Invest in schemes within the broader hybrid funds
clear and to the point!
2 Invest in Equities for long term goals
FIXED INCOME INSTRUMENTS
Vry good explanation
The charm of using these avenues is most certainly the safety that these schemes offer and the perceived notion of their stability. Why perceived?
Reason 1 - Interest rates in these products are not fixed and are subject to change every quarter as one can see in the adjoining table
Please make a video on Hybrid fund .. would be extremely helpful
Reason 2 - Returns in these aren’t inflation beating.
GOLD AND REAL ESTATE
Wonderful video, information provided is very very useful and helpful in creating my portfolio. Thank u sooo much for the insights.
Real estate - the registering, renting, and maintaining of property is hard work and that sometimes it takes years to dispose of a property
Gold - the traditional approach was and continues to be the buying of jewelry or gold coins, which are then kept at home or in a bank locker. While this type of gold does not earn any form of dividend or interest nevertheless Indians do like investing in gold as it has a symbolic connection with auspicious events like a marriage.
A video worth its weight in Gold (or should I say Equity). Thank you, Shankar!
Creating a portfolio of diverse asset classes is probably the right way to describe what a parent needs to do. And in that context having a combination of equity mutual funds, short-term debt funds, a Sukanya Samriddhi, a bit of gold and most definitely term insurance. This will not just improve the risk-adjusted return in the portfolio but will also ensure that there is enough liquidity and tax efficiency to work with.
👉 SOME USEFUL STRATEGIES
Pls explain on NPS tier 2 investment
1. SEGREGATE AND AGGREGATE
No single investment avenue can take care of a child’s every financial need and for that reason, it is important to segregate into short term and long term goals. In addition to improving your cashflow planning efforts breaking your goals by tenure also clears your mind in determining which type of asset class is likely to work best in which case
I love this practical video.... Thank you so much!
2. USE SIPs TO ACCUMULATE
Specific to mutual funds .. the systematic investment plan approach to investing continues to be the most disciplined and progressive way of accumulating wealth. SIP don’t need a big outlay and one can start from as little as 500 rupees a month and it is this series of small and automatic accumulations that makes it one of the most popular investing technique worldwide
How about Nifty 100 Index for long term index compared to NIFTY 50 .
Please make a video of possible
3. STICK & SIP TOGETHER AS A FAMILY
Family members can contribute a little amount every month towards an education fund for all the children within the family
Very informative & useful, thank you!
4. SMARTER TRADEOFFS
The planning for a child’s financial future might also require you to look at some better tradeoffs or choices. For instance, instead of buying physical gold which gives no interest .. what if you instead buy an income-generating asset like a small shop
Thank you for making these videos.
👉 Resources:
SIP Calculator - https://www.etmoney.com/tools-and-calculators/sip-calculator
What a family example 👏👏👍👍
Videos:
GOLD : https://www.youtube.com/watch?v=sJR0ge1779w
Again thanks for deep insight 🙏🙏
SUKANYA SAMRIDDHI YOJANA : https://www.youtube.com/watch?v=vFeH2lu6TGU
MUTUAL FUNDS : https://www.youtube.com/watch?v=j2CNibhbG8I
I had been blessed to watch this video
TERM INSURANCE : https://www.youtube.com/watch?v=0FGLvHQXcM4
ASSET ALLOCATION : https://www.youtube.com/watch?v=MYZO5D7puTA
Any option of custodial account opening on etmoney app??
PPF : https://www.youtube.com/watch?v=EvDxfcvWbzE
👉 To invest in Direct Plans of top Mutual Funds for free, download the ETMONEY app: https://etmoney.onelink.me/unJQ/5ca1ae3b
Thanks for the insightful video, its very enlightening 👍
Plz put this in hindi too (so as to increase the reach of the video)
These kinds of videos are really an eye opener for all parents
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This topic is the top most reason for most parents to invest. Please share more details on things covered in last section of this video. Thanks 👍
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Awesome 👌
Much needed 👍
More User Perspectives
Sir, please make a valuable video on financial plannings for Just married couples. This would definitely ofrer a financial freedom. 💑
@dralvinjamesWell done Shankar , i wish i got this information decade back. Nevertheless it is short and very insightful for new Parents.
I also picked up lot of HDFC ULIP for my child which didnt gave more than 7% due to too much charges.
Very nice sir.
@surrender.rallawadhi643Thanks for a great presentation as always. But somehow communication comes that ppf/SS/ etc. are less income bearing ones vs. MF, whereas MF is linked with market risk and the 12% return assumed is pre tax . Return of ppf/ss are tax free ...
@vikashagarwal7127One doubt, even the 5 year's annualized return nit more than 15%, and the expense ratio is too much, can't we stay invested in index fund rather than this child funds ? We can reduce the fund expense fees in the longer run.
@gokulp3271Aap apni bate is Tarah batate he Jaise koi Sant pravachan suna rha ho ... Sunkar BADA achacha Lagta he .
Aapne sauch me bahut Sahi jankari Di he dhanybad.
Very informative content and a much needed one. Shared to my friends as well. Thank you👌😍
@sachin_2601Watching this video at 21 because I feel I can learn something for my long-term goal setting 😊
@capavankalyanThank you🙏 I am waiting for this video...
@solo_nakkaSir hindi m bhi es type video bnaeye
@subhashoza9244Please use hindi language.
@sagarlaxmikantdamkondwar2565Good video for children financial planning.. as always full of valuable information with well researched data.. thumb's up 👍 Sir..
@9176903103Just excellent 👍
@prasenjitaich73Plz make a similar kind of review on retirement planning.
@santanuchakraborty5779This video is a powerful contraceptive 😛
@Afza1husainMy son is going to be 18 next February, and I want to invest for his future for the next 15 years through SIP in equity only. Kindly suggest me some funds.
@sandipankundu6350Thank you for the good video. Sir!
@prakashraghunathan2685To connect and support others in touch with them kindly make videos in national language that is hindi.
@michaelmeshram007