Investing in your child's name can help you save tax: Regular investment in the name of your children will help you to build a huge corpus build a large corpus for them in the long run. And a careful selection of the investment schemes will have the additional benefit of saving on taxes.
Children's contributions to the Public Provident Fund (PPF), the Sukanya Samriddhi Yojana (for girl children), life insurance plans, and certain mutual funds will help them build a large corpus in the long run.
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