Sukanya Samriddhi Yojana : Invest in daughter's name in Sukanya Samriddhi Yojana ?

Sukanya Samriddhi Yojana

Sukanya Samriddhi Yojana : Various schemes are run on behalf of the government (Govt) to support the economically weaker sections. Through these schemes, the government works to provide relief to the people. There are also various investment schemes. 

    Through this, people get a lot of benefit. Meanwhile, if you are looking to invest in your daughter's name, you have two great options. You can invest money in Sukanya Samriddhi Yojana or you can invest in market linked mutual funds through SIP. Let's see the detailed information about how much return you will get in which scheme.

8.2 percent interest rate on Sukanya Samriddhi Yojana

    For the future of girls, the government runs the Sukanya Samriddhi Yojana. This scheme earns 8.2 percent interest. A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited in this scheme every year. 

    This scheme matures in 21 years. In this scheme, the parents have to deposit the money in the girl's name for 15 consecutive years. Parents of girls up to 10 years can invest in this scheme. One can add good amount through this scheme. This scheme is very good for parents who believe in a scheme with safe and guaranteed returns. So it is a good way to invest money and get returns.

What are the benefits of SIP?

    Meanwhile, if you can bear a little risk, you can invest in mutual funds for your daughter through SIP. As this market is linked, you cannot guarantee its security. But you can accumulate huge funds through this in 21 years. How much return will you get by depositing 5000 per month in SSY and what will you get if you start a SIP for the same amount? Let's know the detailed information.

    If you invest Rs 5000 per month in Sukanya Samriddhi Yojana, Rs 900000 will be invested in 15 years. After this the parents of the beneficiaries will not have to invest in this scheme. But, that amount will be kept locked. The scheme will mature after 21 years. Looking at 8.2 percent interest, this scheme will earn 18,71,031 interest and 27,71,031 will be available on maturity.

How much return from monthly SIP of 5000

    If you invest Rs 5000 per month in mutual funds through SIP, you will invest Rs 9,00,000 here in 15 years. The minimum return on SIP is considered to be 12 percent. In such a situation if you calculate 12 percent then in 15 years you will get Rs 16,22,880 interest on an investment of Rs 9 lakh and If you withdraw within 15 years, you will get a maximum of Rs 25,22,880, which is on Sukanya Samriddhi. The return is close to 21 years.

    If you continue this investment for 1 more year ie. invest for 16 years instead of 15 then at 12 percent rate you will get Rs 29,06,891 which is much higher than the return of Sukanya Samriddhi Yojana. Even if you continue continuously for 21 years, you can pay more than Rs 56,93,371 through SIP. So on 21 markets your total investment will be more than Rs 12,60,000. That means you will get interest on investment of Rs 44,33,371 only.