Savings Options

I go for my vacation in Mumbai shortly and I want to save some money on the names of my children that saving for their future. Please suggest options, plans, benefits for the same. Thank you very much!

go for mutual funds

If you can take a small amount of risk, you can invest in mutual funds. After the collapse of the market in recent years, mutual funds have become cheap and can give you a decent income in the future.
Investing in Funds Sundaram BNP Paribas Select Midcap

Get ULIP plans related to life insurance benefits to the education of children (site audit of insurance companies though). you invest in investment and savings for the education of children. SAE you money in mutual funds so that you can withdraw money from the plan when you need to spend for your children.
If you are allowed to the idea, you can invest in real estate and sell the property when you need cash. This way you will see your money appreciate.

There are options like haveing bank accounts savings, invest in funds that are specific to children. I hope you do not plan insurance.

You can also drop in fixed deposits in banks etc.
Thx

Why ur not invest in stocks for children ...... U can buy ur Reliance Petrolum Ltd (RPL) to be good investment for now ......... in the long term

http://www.daveramsey.comfpu

pls follow the following steps

1. Do not use money from the purse
2. Do not use credit card
3. Prepare daily expneses details
4. and again to check details espenses daily weekly