Future Proof your Child's Dream
Give your children the best start in life with our tailored future planning solutions. From education savings to long-term financial security, we help you prepare for every milestone that matters.
Child Planning through Mutual Funds
Why Choose Mutual Funds?
Grow Faster
Helps grow your savings faster
Long Term Goals
Perfect for long-term goals (10–20 years)
Flexible
Flexible, transparent, and inflation-beating returns
Best Mutual Fund Options for Child's Future
Choose the right mutual fund category based on your age and risk appetite for optimal child planning.
- Long-term growth through compounding
- Ideal for goals 10+ years away
- Examples: Large-cap, Flexi-cap, Index funds
- Expected returns: 12–15% p.a.
- Mix of equity and debt for balanced risk-return
- Moderate volatility compared to pure equity
- Can be used for education goals within 5–10 years
- Expected returns: 8–10% p.a.
- Specially designed for child’s education and marriage
- Lock-in period till child turns 18
- Tax benefits under Section 80C
- Examples: HDFC Children’s Gift Fund, SBI Magnum Children’s Benefit Fund
- Begin with a low SIP amount
- Increase SIP annually to match income or inflation
- Leverages compounding with growing contributions
- Ideal for long-term wealth creation
Children Planning through Life Insurance
Why Choose Life Insurance?
Secure and Protected
offers life cover and regular income
Future Proof
Ensures financial support to children in case of early death
Offer Maturity
Provides maturity benefits for child's education or marriage
Types of Life Insurance for Child's Feature
Life insurance can play a crucial role in retirement planning by providing both protection and income generation
- Guaranteed payouts at age 18, 21, etc.
- Bonus + maturity benefit
- Safe, long-term savings
- Life cover for parent
Best for: Risk-averse parents who want guaranteed returns
- Insurance + market-linked investment
- Premium waiver benefit
- Fund switching flexibility
- Higher growth potential
Examples: ICICI Pru Smart Kid, HDFC SL YoungStar
- High life cover at low premium
- Protects entire family's financial future
- Pure insurance, no investment
- Flexible premium payment terms
Ideal for: Young parents seeking maximum protection
Mutual Fund vs Life Insurance for Retirement
| Features | Mutual Fund | Life Insurance |
|---|---|---|
| Return Type | Market-linked (high potential) | Guaranteed or low market-linked |
| Flexibility | High (anytime withdrawal) | Low (lock-in till maturity) |
| Risk | Moderate to High | Low to Moderate |
| Goal Protection on Parent’s Death | No (unless insured separately) | Yes (Premium waiver feature) |
| Ideal For | Early starters, risk takers | Conservative investors, family support |