Grandparents Investing For Grand Kids: Do's & Don'ts
Update: 2024-11-25
Description
Grandparents love to go the extra mile for their grandchildren, and investing in their future is a wonderful way to show care. However, navigating the world of financial investments for minors can be tricky. This episode breaks down the dos and don’ts of investing for grandchildren, covering the legalities, practical steps, and best options available. From fixed deposits and mutual funds to the newly launched NPS Vatsalya and children’s insurance plans, we’ll guide you through the right way to secure your grandchildren’s financial future. Learn how to maximize your investments, avoid common pitfalls, and ensure tax efficiency.
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