National Girl Child Day 2024: Is equity mutual fund better than Sukanya Samriddhi Yojana (SSY) for your daughter?
National Girl Child Day is celebrated in the country on January 24 every year to provide support and opportunities to the girls of India. It aims to promote awareness about the rights of the girl child and to increase awareness on the importance of girl education, and their health and nutrition, and also to promote the girls' position in society to make their living better.
Sukanya Samriddhi Yojana (SSY) currently offers an interest rate of 8.2 per cent. However, this SSY interest rate is changeable every quarter.
Equity mutual funds have shown impressive returns, such as Nippon India Value Fund at 42.38%, Aditya Birla Sun Life Pure Value Fund at 43.02%, Axis Value Fund at 40.16%, and SBI Long Term Equity Fund at 40%, as per AMFI data for 1-year return ending Dec 29, 2023. Disclaimer: The views and recommendations made above are those of individual analysts, and not of Mint. We advise investors to check with certified experts before taking any investment decisions. Milestone Alert!
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