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Should I invest in Sukanya Samriddhi Yojana?

Dhirendra Kumar makes a case for equity exposure for long-term goals

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.