Dhirendra Kumar makes a case for equity exposure for long-term goals
18-Oct-2019
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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.
Which ITR form do you need to fill?
How does the transfer of shares get taxed?
Do you need to file your income tax returns (ITR)?
Cancel out your capital losses
Do I need to pay tax on equity fund gains?
A legal hack to further reduce your taxes
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