SSY Vs SIP: If you want to save money for your daughter's education and marriage, then know where you will make more money...


SSY Vs SIP: For the better future of daughters, the government runs a scheme in the name of Sukanya Samriddhi Yojana. In this scheme, interest is available at the rate of 8.2 percent. If your daughter's age is less than 10 years, then you can invest in this scheme in her name. A minimum of Rs 250 and a maximum of Rs 1.5 lakh can be deposited in Sukanya Samriddhi Scheme. Investment in this scheme has to be made for 15 years and the scheme matures after 21 years. This is a better scheme for parents who believe in guaranteed returns.


But if getting better returns is your priority and for this, you do not shy away from taking a little risk, then you can invest in a Mutual Fund in the name of your daughter. In this, you can collect a big amount in the long run by investing a fixed amount every month through SIP. Know from the calculation here which scheme between SSY and SIP can prove to be better for you.

SSY return on monthly deposit of Rs 5000-

If you invest Rs 5000 every month in Sukanya Samriddhi Yojana, then Rs 60,000 will be invested in a year and Rs 9,00,000 in 15 years. After this, parents will not have to invest in this scheme, but that amount will be kept locked. The scheme will mature after 21 years. If we calculate according to the current 8.2 percent interest rate, then the interest on this scheme will be Rs 18,71,031, and on maturity, you will get Rs 27,71,031.

How much return from monthly SIP of Rs 5000-

If you invest Rs 5000 every month in mutual funds through SIP, then in 15 years you will invest Rs 9,00,000 here also. The average return on SIP is considered to be 12 percent. Sometimes one gets more than this. In such a situation, if the calculation is done according to 12 percent, then in 15 years you will get interest of Rs 16,22,880 on investment of Rs 9 lakh. If you withdraw this amount within 15 years, you will get Rs 25,22,880. This amount is close to the returns on Sukanya Samriddhi in 21 years.

Whereas if you continue this investment for 1 more year i.e. invest for 16 years instead of 15, then at the rate of 12 percent you will get Rs 29,06,891, which is much more than the returns of Sukanya Samriddhi Yojana. If you continue this investment continuously for 21 years, then you can get up to Rs 56,93,371 through SIP at a 12 percent return, while your total investment will be Rs 12,60,000. That means you will get only Rs 44,33,371 as interest on investment.


One advantage of SSY is that you can avail tax benefits in three ways. This scheme comes in the EEE category. In this, there is no tax on the amount deposited every year, apart from this, there is no tax on the interest earned every year and the entire amount received at the time of maturity is also tax-free i.e. investment, interest/return and maturity are tax-free. There are savings. But you do not get tax exemption in SIP.

Apart from this, the returns in Sukanya Samriddhi are fixed, but there are no guaranteed returns in SIP because it is market-linked. However, experts consider it a better investment option in the long term. In SIP, one gets the benefit of rupee cost averaging in the long term, in such a situation the risk gets reduced considerably. The average return in SIP is considered to be 12 percent. This is much better than Sukanya. Sometimes even more interest is available.


You can invest in Sukanya Samriddhi Yojana only if your daughter's age is less than 10 years. But age has nothing to do with SIP, you can also invest in the name of your daughter.

Of course, you have to invest in SIP for 15 years, but after that, your money remains locked for many years. In such a situation you cannot use it. SIP is flexible. You can start it anytime and stop it anytime.

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