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Make Your Kids Rich!! #finance #investment #shorts
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Make your Kids Rich!!
Check out the whole reel to know!
This is Epi 2 of Celebrities and Money, so follow along for the next part!
For more details keep reading-
1.For long-term goals (more than 8 years), equity investments are ideal for higher returns. For shorter-term goals, consider fixed deposits (FDs) or debt funds.
2.You can invest up to ₹1.5 lakh annually in Sukanya Samriddhi Yojana (SSY) and Public Provident Fund (PPF), which currently offer 8.2% and 7.1% interest, respectively.
3.Both SSY and PPF qualify for tax deductions under Section 80C. Maturity amounts are tax-free, leading to effective returns of 10-11% for high-income earners.
4.If mutual funds are in your child’s name, capital gains are taxed at your income if withdrawn before age 18. After age 18, they will be taxed in your child’s name, allowing access to exemptions.
Disclaimer: This reel is for educational purposes only. Please consult a financial advisor before making any investment decisions.
[Anushka Rathod, finance, celeb, Investment, children]
#anushkarathod #finance #celeb #investment #children
Check out the whole reel to know!
This is Epi 2 of Celebrities and Money, so follow along for the next part!
For more details keep reading-
1.For long-term goals (more than 8 years), equity investments are ideal for higher returns. For shorter-term goals, consider fixed deposits (FDs) or debt funds.
2.You can invest up to ₹1.5 lakh annually in Sukanya Samriddhi Yojana (SSY) and Public Provident Fund (PPF), which currently offer 8.2% and 7.1% interest, respectively.
3.Both SSY and PPF qualify for tax deductions under Section 80C. Maturity amounts are tax-free, leading to effective returns of 10-11% for high-income earners.
4.If mutual funds are in your child’s name, capital gains are taxed at your income if withdrawn before age 18. After age 18, they will be taxed in your child’s name, allowing access to exemptions.
Disclaimer: This reel is for educational purposes only. Please consult a financial advisor before making any investment decisions.
[Anushka Rathod, finance, celeb, Investment, children]
#anushkarathod #finance #celeb #investment #children
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