Question: Hello, Recently I have earned an amount of Rs.80,000 through my travel abroad, sponsored by my company. I am also expecting a kid in the next few months. I would like to know how I can investment this money towards my kid? Thanks in Advance.
Answer: You may start-off by opening an investment account (in a bank) or PPF account in your name and transfer the same to your kid's name once he/she is born. Kindly click here to check out our popular article on 'Strategies to build an education corpus for your child'.
Expert @ InvestmentYogi