2 GREAT Investment Options For Daughters Education

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2 GREAT Investment Options For Daughters Education

Рет қаралды 315,186

Күн бұрын

I have 2 daughters and like any father, I want to give them the best education possible by selecting the right investment plan for their education.
In this video, I have explained 2 great Investment Options For Daughters Education, namely Sukanya Samriddhi Yojna and ELSS Mutual Funds.
I have calculated the returns, their capital gain taxes as well as pros and cons including liquidity and withdrawal provisions.
Is Sukanya Sukanya Samriddhi Yojna the right investment plan for a girl child?
Or is Mutual funds better investment plan for a girl child, let’s find out in this video:
Links used in this video:
Sukanya Sukanya Samriddhi Yojna ONLINE CALCULATOR
www.hdfcbank.c...
Sukanya Samriddhi Account Scheme
www.nsiindia.go...
#mutualfundsinvestment #investingforbeginners #RahulJainFinance
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Some of my other popular videos that you can watch are:
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🚀 BEST ELSS Mutual Funds
• TOP 3 ELSS Mutual Fund...
🚀 How To Make 1 Crore in 10 Years?
• How To Make 1 Crore In...
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DISCLAIMER:
PLEASE NOTE that I AM NOT A SEBI REGISTERED ADVISOR SO please do your own research. This video is only for education and entertainment purposes.

Пікірлер: 407

@torahulj Жыл бұрын

if you find this video useful, please let me know in the comments :-).......

@godismyprovider74 Жыл бұрын

Thankyou so much ❤

@karankarkee3247 Жыл бұрын

calculator

@akshunithy Ай бұрын

It's so useful.. Thanks for the informative video.. The most needed one

@srinivasulupusala5827 Ай бұрын

Good explanation

@swaynecruz Ай бұрын

Was very useful for me actually I was thinking about the same thing. But confused on selecting an Elss .

@surajmunavalli6923 Ай бұрын

Sir I am really impressed by your informative videos. There is no drama, no hype, no unnecessary explanation only pure knowledge. Thanks

@AfsarAMP. 23 күн бұрын

The way you arrived at 12 to 15 pc shows that you are truly an expert, thanks for this info.....keep going higher

@kaushiksharma9513 24 күн бұрын

Advantages of sukanya samridhi yogna(SSY) Vs ELSS mutual fund for 15 years: 1. SSY has low liquidity, you will have to wait 15 years to get the SSY matured. But in case of ELSS you will have to wait only 3 years. After that you can withdraw the money in case of emergency. 2. SSY can only for girls. But ELSS can done for anyone. ( No age limit restrictions). 3. SSY have zero tax. But in ELSS you will have to pay long time capital gain tax. (LTCG) 4. SSY will roughly give you 7.6 to 9% return. But ELSS can give you 8 to 15% return. 5. SSY can be started before your daughter turns 6 years of age. But you can start ELSS at any age of your daughter. 6. You can consider Index mutual fund/ Midcap Fund over ELSS , but both Midcap and Index mutual fund will be taxable. Note: Midcap mutual fund is more risky than Index mutual fund, but there is more chance to give you more returns than an Index fund. ***Recently in budget 2024 long time capital gain tax is increased to 12.5% from 10%.

@yogeshkumar341 Ай бұрын

There is one important thing that you missed out in ELSS scheme. Lock in period for 3 years but we need to look for Date of investments of every consecutive payments, after 3 years you will not be able to withdraw full money. We need to wait for 3 years for every consecutive payment. So most of them don't know about this and no broker will inform about this.

@raogaru306 9 күн бұрын

Yes. Once I was locked due to unaware of this clause in ELSS.😊

@discover-with-vijay Ай бұрын

When it comes ELSS, you have considered variation in profit from 8% to 15%. where as for Sukanya scheme, it is conservative of 7.6%. As intrest rates also change from time to time. its not exactly same comparision.

@vinodjadhor7329 Жыл бұрын

Thanks for clearing my doubts regarding SUKANYA SAMRUDDHI YOJANA & MUTUAL FUND investment

@abhisekbiswas3432 Жыл бұрын

Great awareness sir. Sir I am 46 years of age. A common man having a small shop in my area. Want to invest 6k per month. My question is how should I plan for my retirement? Pls make a detailed video, if possible . Thanks for your videos.

@shabharinath Жыл бұрын

Wonderful video and the way explain it is awesome. I was looking for the same comparison in excel sheet.

@AvijitDhar-k9i 26 күн бұрын

Much needed video... I have invested on the same in the next month my daughter was born.. Thanks for explaining the benefits

@drraghavendrasr Жыл бұрын

Love your presentation sir, simple and easy to understand.... Is there any multi asset fund with equity taxation available with quality debt component

@m2ndto9n 10 ай бұрын

Rahul you are an amazing teacher. I wish we could get some training classes or workshops in future. Also I have a query over a HDFC Advantage Par regular income scheme, would be happy if you can make a video.

@UjjwalBassi 4 күн бұрын

Thanks for sharing such detailed information. Please share the excel sheet.

@vipuljindal2126 Ай бұрын

Superb Video. I am going with ELSS scheme from last 10 years and have a decent corpus.

@shilpiburman7102 Жыл бұрын

Hi Rahul. The calculation you presented in this video was a good comparison and would help in making people take the aporopriate decision according to their circumstances. I hope u will read this message and take out time to please consider responding to my query. Suppose I invest 50000 every month in a MF with expected return of 12% for a period of 7 years in the name of my minor child, who lets say is 11 years right now. According to the calculation the total profit earned at the end of 7 years will be 2159000 approx. Now since the child will turn 18 after 7 years the capital gain tax will be considered for the child who will not have any income. If the child then redeems 7 lakhs each year from the MF untill he/she becomes employed, would it mean that they will not have any tax liability (given that IT is only levied above 7 lakhs).

@priyankagarg7449 4 күн бұрын

I too wanna know this

@sohanjaincs 5 ай бұрын

Thank you soo much.... For sharing information. Which mutual fund is better

@rajivgupta7544 Ай бұрын

Thanks for sharing this video.. Helped in understanding which is better. Calculator please for this

@rahulholkar3484 22 күн бұрын

Very informative and healthier explanation so do let me know which mutual funds are good for when have 2 girls child.

@nepalkoiri8180 6 ай бұрын

Very informative lesson but one thing what will be value of 43 lakh after 18 year.

@RanjeetMD Ай бұрын

Along with mutual funds, please consider SGB as well. I myself invest in 20% in Nifty50 index fund, 60% in midcap fund and 20% in SGB for my daughters future. MF percentages will keep changing as per the age of my daughter.

@rahulrahkr9333 Ай бұрын

How you invest in nifty 50 index fund? Plz explain

@RanjeetMD Ай бұрын

@@rahulrahkr9333 UTI Nifty50 Index Fund

@HussainDaroowala Ай бұрын

Liked the comparison, though increasing the LTCG slab to 30% will be preposterous. There was no LTCG few years back and infact there is a higher probability that it will be reduced seeing the backlash from trading/investors community. On the flip side an inc in LTCG from a slab of 10 to 15% is possible.

@manikantajakkani 2 ай бұрын

Liked this video. It is very informative l. Thank you and keep doing more videos about girl child investment/savings plans

@gauravsrivastava6228 Ай бұрын

By 21/22 of age the child will complete it's graduation, this calc best suited for higher education. The ideal calculation will be with 18 years when they step into graduation.

@Kannan_RL Жыл бұрын

My investments mentioned below (Monthly SIP) Nifty 50 index mutual fund 4K MON100 ETF 4K Post office (SSA) 4K Goldbees 4K I have planned my investment for 20 years. Could you please share your suggestion

@ganeshram7462 Жыл бұрын

@torahulj_hello sir

@debashisgupta4455 11 ай бұрын

Rahul,I don't know why you have missed out one point during discussion that at the time of withdrawal,market may not act as you shows in ELSS return.Hear comes the logic of Tax harvesting and in a way we can save more tax and as well as mitigate risk just by SWP to liquid fund or FD of Rs1L per month as you mentioned in your video of emargency fund ..Child education can be termed as emargency fund but in this case it is expected emargency fund.. waiting for your expert comment on this

@TheShaijalap Ай бұрын

While analysing please consider the fact that govt. exemption on 150000 may not be there always… already new tax regime removed deductions, and slowly govt may move old regime or atleast reduce the deductions gradually so that individual voluntarily opt for new tax regime…

@sangitakar7192 Ай бұрын

Calculator please. Excellent eye opening video. Thank you

@sharmaajay1986 Ай бұрын

Thank you for sharing very clear information... Thanks Sir Kindly share spreadsheet

@JabbarShaikh-zl1hq 2 ай бұрын

thank you so much for this video. your explanation is awesome.

@bhushanvaradkar5750 Жыл бұрын

Thanks for your presentation...Crisp and Clear

@rajeshh6073 Жыл бұрын

Great contents and your presentation is awesome... Please continue sir

@snehasishmohapatra7370 23 күн бұрын

Very informative video sir. Plz guide us in this keeping the new regime income tax and high capital gain tax after budget 2024

@sourishkeka 6 ай бұрын

Thank you for sharing the information and explaining clearly

@pradeepak4489 28 күн бұрын

Thank you for sharing with us the detailed information on SSY & ELSS.

@ca.gautampurkayastha 24 күн бұрын

A revised video would be needed based on revised LTCG taxes.

@LokeshKumar-xv3ep Ай бұрын

Hi Rahul , this is very helpful.. Can you please assist on, what are best mutual fund for the long term investment.

@neil7915 9 ай бұрын

How to invest for a Child in Mutual funds. Is the process different?

@sinnersoul Ай бұрын

Sir this question keeps bugging me all the time that if I start investing right now until the 21st year, the value of that money after 21years, how much worth it will be? How should we consider inflation or some similar factors to it? Could you make video on this about what value our money will be ?

@neerajjain80 Ай бұрын

Nice explanation That is supporting in terms of taking value decisions for long term ❤

@aaaaaaaa3811 28 күн бұрын

Very useful and informative video rahul....all r having kids...and we have to plan for their career and future education....very very useful video...❤

@antimakomminoor395 Ай бұрын

Thank you so much for this video, it's very useful and clear understanding.

@hangamadude2023 2 ай бұрын

@7:30, please give credits to Groww for making such a wonderful calculator. Thanks for Video.

@UjjwalBassi 4 күн бұрын

Thanks! I have query. we should count on LTT for non-ELSS MF. As amount invested in ELSS MF will not be under LT. right?

@UdayKumar-ec5wi 18 күн бұрын

Thank you for the conclusion... I will go with Mutual fund and stick to 15years at any cost

@ishangoswami2437 25 күн бұрын

Awesome video with variety of possible outcomes. Thanks for sharing!

@sadhna618 Жыл бұрын

Eye opening presentation sir

@abhi4u824 Ай бұрын

step up SIP in MF would further add more benefits in terms of returns and creating a big corpus

@sachinjain5175 Ай бұрын

Hi Rahul, it was very well explained, pls share the calculator

@DrZGJ 25 күн бұрын

Thanks for the informative video. Calculator please.

@pakapapita3104 Жыл бұрын

Thank god i managed to get into a college on merit my dad didnt invest for my schooling

@parvathynsp 16 күн бұрын

If you are opting for new tax scheme which one would be better?

@vanidevi9260 11 ай бұрын

Thank you so much for explaining in detail.

@coolyj24 Ай бұрын

Rahul. I invested in both SS and ELSS. The thing in ELSS that I put SIP in Mirae ELSS and in this scheme it's not first 3 years.. it's a rolling Lockin period. it's 3 years Lockin from the last SIP month. it's been 4 years now.. so I can withdraw amount only from the 1st year. To withdraw the total amount I will have to stop sip and wait for 3 years. This I think is better so that one can plan well in future for additional SIPs for emergency.

@jintibaruah 10 ай бұрын

I have a daughter sir,your calculations helped me...sir, please provide me the link to the calculation sheet... thanking you in advance

@nishantkaushik3043 22 күн бұрын

What is the best ELSS mutual fund to invest that long

@meditationsleep3820 Жыл бұрын

Very very useful Video! Thank you so much for sharing a responsible video!😊😊😊

@KhanSaab_Official786 10 күн бұрын

Hi Rahul, you please suggest best investment plan where the there is no interest money involved.

@nagmashaikh3510 14 күн бұрын

One important question we can withdraw money only for education let’s say for education daughter needed only 15 Laks and balance amount how come she will consume all her amount in education

@DownloadPortal-sd1yo 3 ай бұрын

Very Information and clearly explained the video. If I may ask for your help, which mutual fund scheme would you recommend for such investment for my daughter?

@kalpitkadia 26 күн бұрын

Nicely explained, even I have 2.5 year old daughter and planning for such kind of savings and investments, thank you so much ❤

@bhushanahirrao Ай бұрын

Very nice. Short video with very less calculations. I see many MF bloggers bring in huge calculations!

@ishankukade Ай бұрын

sir you need to add to the 41L (of SSY) the tax saving of 1.5L per year to get the NET result of saving achieved so 22.5L will be achieved in taxsaving. so net gain is 41+22.5 = 63.5L

@parmindersaini6761 Ай бұрын

😂

@parmindersaini6761 Ай бұрын

ELSS is also tax saving

@sagarpatole4412 14 күн бұрын

Thanks for sharing

@harshitgarg7111 Ай бұрын

INFORMATIVE VIDEO, I WANT TO KNOW THAT PROFIT RETURNS FROM ELSS MUTUAL FUNDS ARE TAX FREE OR IS IT TAXABLE PRESENTLY?

@nkvishwas3954 25 күн бұрын

Woow this video is really helpful because I have 2 girl children and one thing I need to tell you is I already started investing in SBI smart scholar for my first child and also I am thinking what to start for the second one, so please suggest me for Wayforward.

@venkatprasad5662 Жыл бұрын

Sir, please give best investment plan for my new born baby girl for long term.

@DURGESHSonawane 15 күн бұрын

What are your thoughts on the children gift fund returns like HDFC CGF

@ivorjoseph5869 4 ай бұрын

Great Presentation. Could you share the Excel sheet please

@PankajSingh-dc2qp 2 ай бұрын

Please make this video for NRIs... where should they invest for their newborns?

@MoneyMindedMishra Ай бұрын

My Wife was asking, "tumne humari bacchi ki education ke liye kaha paisa jama kara hai?" Maine bola: "Pagali jaha log sochte nahi waha kara hai, Mutual fund"

@PraveenKumar-mt4xv Ай бұрын

Thanks for making this video Rahul. Is there an option to withdraw SSJ ? Could you please share the calculator link ?

@priyashashidharan154 17 күн бұрын

Happy to know about SSJ.❤❤

@pathikritseng Ай бұрын

Hi have you taken indexation under consideration for long term capital gains? Capital gains taxes are not levied on the entire capital gains but only the gains which fall beyond indexation.

@surajkrajendran8635 27 күн бұрын

Thank you

@alirajjack 2 күн бұрын

After 21 years. The purchasing power of your money will go down by 50to 80% does not make any stance.

@nagarajchikkerur9900 Ай бұрын

Pl. Share the excel calculation chart pertains to Sukanya samriddhi yojana.

@user-dx9zm8ew8y 23 күн бұрын

Can u provide information regarding new and old tax comparison

@s.panjapagesand765 4 ай бұрын

I started both ssy and elss. And regularly invest every month last 2 years

@subramaniank 2 ай бұрын

Thanks for the clear explanation.. Really amazing

@moumanray6903 Ай бұрын

Unique way to explain... Thank you sir

@ggbsacet 22 күн бұрын

@torahulj well, i see a problem in your tax calculation. Why are you calculating the capital gain tax on ELSS return after 15 years? Isn't it tax free? (and I am not even talking about the remaining 6 years considering other MF scheme than ELSS.). So, the problem is, you are considering SSJ be tax free after 21 years but ELSS is not. Govt can change anything at anytime. Noone knows, what would be the tax rate on SSJ or ELSS after 21 years. So, this is clearly not an APPLE to APPLE comparison.

@naveenchalageri7858 Ай бұрын

In the video you mentioned that the account will mature when the girl child attains the age of 21 years. But the rules say that the account will mature on completion of 21 years from the date of opening the account. Pls clarify.

@user-iq9mj8rp3t Ай бұрын

Sir can you suggest which mutual fund to buy for good returns

@srirambhat4741 Ай бұрын

Shouldn't we include the annual expense ratio calculation? Because I think ssy doesn't have any yearly expense i believe.

@mitchelldalmedia815 25 күн бұрын

Thank You Very Much Brother, a really useful video..

@sunilrathore8055 5 ай бұрын

If I am investing less than 150000/- every year in ELSS, will I have to pay tax on it’s interest earned ? As u said that in Sukanya if I pay less than 150000/- then I have to pay tax on it’s interest earned

@vk6207 2 ай бұрын

Show me brother

@muralinj3162 4 күн бұрын

Please send both calculators!

@shimonfalafelgoa28 Ай бұрын

Thank you for explain everything 😊🙏🏽

@abhijitrokade6993 Ай бұрын

Thank you.

@maanyamittal8199 Ай бұрын

This is all assumption. But when you need money and if another time comes like COVID, or maket fall down, you won't even get your principal amount back and 15-18% return is a very far thing to talk about. In SSA ar least your principal is safe. We should be investing in Mutual funds as well as other schemes, but should maintain a balance