In order to save for children’s education needs, parents have to consider both the roles of equity and debt asset-classes.
If you are looking for a suggestion to choose between some schemes and equity mutual funds, here are some tips.
If your child is below the age of 10, then you can choose equity investments as they provide huge returns in the longer duration.
For a child who is in his or her teenage, then you can look for allocating your funds in debt (30%) and remaining in equities (70%).
If your child is now an adult and his or her marriage is just some years away, then your investment should be more on a fixed income in order to get maximum returns.
By Sahana Iyer
