In addition to tax planning, and wealth creation, investing for a girl child is a crucial financial responsibility for investors. The most well-liked investments that permit both substantial returns and tax deductions are mutual funds and government-backed schemes. The most popular investment choices for the future of girl children in India are the ELSS (Equity Linked Savings Scheme) and SSY (Sukanya Samriddhi Yojana) initiatives. Since both SSY (Sukanya Samriddhi Yojana) and ELSS (Equity Linked Savings Scheme) offer tax benefits under Section 80C, let's get opinions from industry professionals on which instrument is more suited for the future of a girl child.
