NPS Vatsalya is an investment scheme for your child, for his retirement in which you can contribute You can invest in his name and he will become the owner of that when he turns 18,
when he becomes a major The money will be managed with all the efficiency and safety of NPS,
which means it is a low cost, very efficient investment plan You can choose any of the plans
The maximum money that can go into equity is 75% When he attains majority, it will become his retirement account
He can carry on with that The advantage is that its very simple to open your account and start contributing
The disadvantage is that, it is way too long term I think, the inability of the child to take all the money out for his education is a big dampener