Investment Tips : Thinking of investing for children’s future?; Get useful tips from Radhika Gupta

Radhika Gupta Investment Tips : Investment has become a buzz word recently. Social media has created a lot of awareness about investments. So people have started thinking about it. The sooner the investment is made, the more profitable it will be. Due to this, investments have started even in the name of children. However, there are many misconceptions about investing for minors. It is important to get rid of it.

Radhika Gupta, Managing Director, Edelweiss Mutual Fund, emphasizes on dispelling misconceptions. Radhika Gupta gives many tips on social media platform X. These tips can be beneficial for new parents and other investors as well.

First of all, keep children’s birth certificate, Aadhaar, PAN and then bank account ready. Making all these documents is now very easy. A PAN card can now be obtained as soon as the child is born. After that one can start investing in regular funds in the name of the child.

Also Read: What Is The Difference Between New And Old Tax System?; Know everything from tax slabs to exemptions

Radhika Gupta says that it is important to invest at an early age and not just think about investing, but implement it immediately. He started investing in equity in his son’s name when he was just six months old. So, he started investing himself at the age of 24. So, Radhika’s father started building a portfolio after crossing the age of 40.

Set investment goals!

Before investing, try to determine the purpose for which the investment is being made. Set your goal. Higher education can be a goal for children. You can save for that. After determining the target, decide the investment amount. For that divide her age by number.

SIP becomes important

Radhika Gupta insists on monthly SIPs. He has said in his post that two to three funds are useful. If you are planning to study abroad, you can opt for mid-cap, small-cap and international funds to save money.

As your financial goals change, reassess your investments. Once you reach the goal, become more conventional. As the children grow older, involve them in the process as well.

This is not the only and perfect method of investment. You can create your own strategy as per your need, but the tips given by Radhika Gupta can be enough to start investing. Don’t forget to appreciate people who gift units or SIPs to their children. Encourage them.