I do want to invest a moderate sum for the future of my daughter who is now 8 years old. Don鈥檛 tell me about Insurance (LIC) policies or saving and bonds related to capital market which is having no guaranteed return. I need a secure hassle free savings without any tax burden. Deposits can be either of the two forms accepting one time lump sum deposit or a yearly deposit for a predetermined duration yields maximum accumulation on maturity.
Considering all I may need around 20 Lakh after 10 years and another 10 Lakh for marriage after 15 years of time. I am 42 and working out of India.
The most genuine detailed answer will fetch guaranteed 100%.|||Start her IRA.
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