@@FINHUB im in search of good child long term plan. I was in dilamma with sbi child plan or hdfc Now im going with hdfc child plan in next few days. Any suggestion pls give me a msg
As I see, in your video you said that the investment in SIP forms in children's mutual funds. This is wrong because this MF has to locking period of 5 Years. As discussed with the SBI MF house doing SIP will lock each instalment of SIP for 5 years. Hence, it's better to do a lump sum.
Nice video and well explain Need more clarification on tax impact at the time of maturity (after 18years) ..?? It will attract capital gain tax ? As there is 5year lock-in period it will give any additional benefits in terms of tax relief ?