Should I invest in Sukanya Samriddhi Yojana?

Would you suggest investing in Sukanya Samriddhi Yojana for the higher education of my daughter? She is now five.
- Rohit

Sukanya Samriddhi Yojana is ultra-safe and it yields a tax-free fixed income. However, for the higher education of a five-year-old child, the need for this money will only arise after 15 years. With such a long time in hand, I feel you would be much better off by doing SIPs in a pure equity or aggressive hybrid fund. Just make sure to be regular with your SIP.

This article was originally published on October 18, 2019.