PPF or Public Provident Fund is mainly known for the benefits it offers as a retirement oriented investment scheme. However, if you, as an investor, use your wit and some grit, it can provide a great investment option to your child who has just been born. Yes, PPF account interest rate can even make your child the BOSS OF WEALTH! The only thing that an investor needs to do is to gift PPF Minor Account to his or her newly born child. By doing this, one can avail all income tax benefits under Section 80C of the Income Tax Act 1961 that he or she enjoys after investing in one's PPF account. In PPF Minor Account, one can invest up to 15 years and after the maturity period of 15 years, it can be extended for the next five years as in the case of one's PPF account by submitting Form-H.

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PPF Minor Account
Highlighting the benefits of PPF Minor Account, Kartik Jhaveri, Director — Wealth Management at Transcend Consultants said, "An investor can open PPF Minor Account after the birth of a child. This PPF account will also garner the same benefits to the father or mother that he or she has been given under Section 80C of the Income Tax Act 1961. In this PPF Minor Account also, either mother or father or both can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakh in a year. However, a PPF Minor Account can be opened with Rs 100 deposit only."

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PPF Calculator
Speaking on how PPF Minor Account can be used to build wealth for one's newly born child, Manikaran Singhal, a SEBI registered tax and investment expert said, "One accumulates wealth for meeting one's expenses post-retirement and for the well being of the child. PPF Minor Account can be used to build wealth for one's child too, even for one who has just been born. Taking an average 8 per cent return in the 25 years of period, one can build a healthy amount. What one needs is to sit with the PPF Calculator."

PPF Minor Account Returns To Investors
Keeping Manikaran's average 8 per cent return on PPF in the long-term perspective, let's assume an investor invests a maximum sum of Rs 1.5 lakh allowed under PPF or Rs 12,500 per month in PPF Minor Account for 25 years, the amount his or her child would be getting after 25 years would be Rs 1,18,43,162. So, PPF Minor Account can make one's child a crorepati means Boss of Wealth when he or she would be only 25 years.