Planning for a child brings lots of responsibilities on parents’ shoulder. There will be a surge in joy, is in tandem with emotional involvement along with financial responsibilities. The upbringing of a child demands lots of planning. Hence, investment planning is indispensable to secure your Child’s future. This includes financial support for education, wedding, health etc. It’s a parent’s prime responsibility to fulfill children necessities with best of everything. The more early you start investing the more secure your child future will be.
Why Investment Planning is indispensable to secure your Child’s Future?
It’s very difficult for parents to find the right plan to invest their hard-earned money for child future. So here come some super tips for proper investment planning to support the child future.
Investment planning is not just important but has become indispensable.
Investment planning at an early stage gives you ample time, more scope on savings, less burden on the pocket and reduce mental stress. The more early you start the more you will be in a strong financial position. This will make you capable of supporting your child’s needs and reduces the burden.
Plan your investments before your child is born so that you are in a position to fulfill their future needs and aspirations.
With the growth of child expenses increases automatically. Since the economy is growing at the same rate, life without investment is just like you are sailing your boat in the wrong direction. Therefore, you need a good investment plan for your child secure future.
Investment Planning is the first step to fulfill your Child’s dreams
The investment gives financial freedom to fulfill your child’s dreams. Hence a comprehensive investment plan becomes a necessity.
Move from saving to investing
Are you saving for a child for your child future? That’s a very good thing but did you know that saving is not just enough nowadays. This is because the value of money keeps on decreasing over time. So saving won’t be giving you enough returns. That’s why Investment Planning is indispensable to secure your Child’s Future. Since we live in 21 century, we should move ahead and invest our money systematically and on correct time.
How to Pick out the best Investment Plan
While choosing an investment plan, it is important you keep in mind the end goal. It is a good idea to diversify your portfolio to spread the risk.
Why you should choose ICICI Prudential Bluechip Fund scheme?
ICICI Prudential Bluechip Fund is one of the flagship products and stands at AAUM of Rs 17,496 Crores (as on 30th June 2018). The fund gives investor liberty to invest in some of the major large-cap companies like Tata Motors, Reliance, Infosys, ICICI Bank etc. The stock has been well researched and selected by professional fund managers.
This scheme brings an opportunity for you to get some of the best minds from the major companies of India to create wealth for you. This is one of the ways to secure a bright future for your child. The key features are:
- The Bluechip Fund will invest only in large-cap companies with an authorized track record and good growth potential.
- It involves a “buy and hold” approach.
- Your investment get an exposure in high conviction stocks with an aim to generate alpha
ICICI Prudential Bluechip Fund is best suitable for investors looking for long-term wealth creation solution. Since you are looking for long-term financial planning for your child, this will suit you well. This fund will provide you safe investment and pay back the maximum advantages in the coming years.
Hence, Investment Planning is indispensable to secure your Child’s Future. In addition, it allows you to enjoy present life without being worried about their future.
Being a parent, it’s your responsibility to start planning for your finances at an early stage. Early stage planning will definitely guarantee a promising future for your child. TarakkiKarien and let the big companies work for you.
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DISCLAIMER: The views expressed in the blog content are independent and unbiased views of solely the blogger. The content is meant for educational purpose only and not to be substituted for professional advice. One should consult the expert for any related information.