Investment tips for daughter’s future: From monthly SIP in top mutual funds to Sukanya Samriddhi Yojana | Calculation EXPLAINED

In an engaging live session on ET Now Swadesh, renowned financial planner Nisreen Mamaji answered real-time questions from viewers on building wealth and securing their families' futures. From parents planning their newborn's education to mid-career professionals pursuing a large retirement or crore-level corpus goal, Nisreen offered clear, actionable advice based on disciplined investing. She also shared insights on which funds are best for investing in and which are the best for a daughter's future.

Highlights of the live discussion included a strong recommendation to combine Systematic Investment Plans (SIPs) in diversified equity mutual funds with the safe, tax-free benefits of the Sukanya Samriddhi Yojana for girls, realistic projections assuming 12 per cent compounded annual growth, and a reminder on tax implications.

Here are the top highlights of this live session

Girl Child Investment Plan with Sukanya Samriddhi Yojana

In a live session, Sameer Ranjan sought advice on SIPs and Sukanya Samriddhi Yojana after the birth of his daughter. Nasreen said, "You recently had a daughter, and you've immediately started investing for her, so that's great. You're thinking in the right direction."

She suggested, "The combination of SIPs and Sukanya Samriddhi is very smart." She added, "You should definitely invest in Sukanya Samriddhi. It's government-backed, safe, and has a tax-free maturity."

She suggested structuring monthly investments like this:

Regarding return estimates, she said, "If you invest at a 12 per cent compounded annualised growth rate for 20 years, the corpus could be about Rs 40 lakh."

Rs 1 Crore Goal and Tax Question

During a live conversation, 44-year-old Dinesh has said that he has set a target of Rs 1 crore in 12 years. Nisreen said, "If you start a monthly SIP of Rs 20,000 and step up 10 per cent, you can definitely reach Rs 1 crore, provided you get a 12 per cent compounded annualised growth rate."

On tax, she clarified, "SIP gains, which are unrealised gains, paper profits, are not taxable. However, capital gains tax will apply on the date you redeem them."

Advising on health cover, she said, "If your health cover is only Rs 5 lakh, it should be increased to at least Rs 10 to Rs 15 lakh. Super top-ups would be a cheaper option."

Suggested Fund Allocation:

Regarding taxes, she clarified, "Unrealised gains will not be taxed. However, capital gains tax will apply upon redemption."

She also advised increasing the health cover from Rs 5 lakh to Rs 10-15 lakh.

Portfolio Review of 30 crores Target

Sam from Mumbai has set a target of 30 crore rupees in 25 years and is making a monthly SIP of 2 lakh rupees. Nasreen said, "It's definitely a good portfolio, but you have 10 mutual funds, so I recommend streamlining them a bit."

Suggested Fund Allocation:

She estimated, "If you get a 12 per cent growth rate, your corpus could be about approximately 41 crore in 25 years."

On the China fund, she said, "Don't sell the units you've already purchased; hold them and review them. But investing in the US could be a better option for the future."

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)