SIP vs Sukanya Samriddhi Yojana: Which can offer higher returns on Rs 9,000 monthly investment? See calculations

Compare Sukanya Samriddhi Yojana and SIP to decide the better option for a Rs 9,000 monthly investment. Understand returns, tenure, and benefits to align your financial goals with the right plan.  

ZeeBiz WebTeam | Nov 18, 2024, 01:05 PM IST
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SIP vs Sukanya Samriddhi Yojana: When planning long-term investments, choosing the right scheme is crucial. Sukanya Samriddhi Yojana (SSY) and Systematic Investment Plan (SIP) are popular options offering unique advantages. While SSY provides tax-free, guaranteed returns focused on a girl child’s future, SIP offers market-linked growth and flexibility. For a monthly investment of Rs 9,000, understanding their differences in returns, tenure, and benefits will help you decide the best fit for your financial goals. Let’s dive deeper into which can yield better results.

(Disclaimer: This is not investment advice. Do your own due diligence or consult an expert for financial planning)

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Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana (SSY)

Eligibility:

Can be opened for a girl child under 10 years of age.

One account per girl child allowed.

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Deposit Details

Deposit Details

​Minimum deposit: Rs 250

Maximum deposit: Rs 1.5 lakh annually

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Key Benefits

Key Benefits

  • ​Account matures in 21 years, but deposits are required for only 15 years.
  • Withdrawal allowed after the child turns 18 for higher education or marriage.
  • Tax benefits: Section 80-C deduction and tax-free interest under Section 10 of the IT Act.

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Returns on Rs 9,000 Monthly Investment:

Returns on Rs 9,000 Monthly Investment:

  • ​Interest rate: 8.25%
  • Tenure: 15 years
  • Total maturity value: Rs 49,87,856

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Systematic Investment Plan (SIP)

Systematic Investment Plan (SIP)

What is SIP?

A flexible investment option to grow funds through mutual funds.

Fixed monthly contributions compounded over time.

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How It Works

How It Works

  • ​Automatic debit of a fixed amount at regular intervals.
  • Returns depend on the mutual fund’s performance and market NAV.

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Returns on Rs 9,000 Monthly Investment:

Returns on Rs 9,000 Monthly Investment:

  • ​Interest rate: 12%
  • Tenure: 15 years
  • Total maturity value: Rs 45,41,184

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Key Takeaways

Key Takeaways

  • Sukanya Samriddhi Yojana offers slightly higher returns for guaranteed, tax-free investments.

  • SIP provides market-linked returns with flexibility and liquidity, making it ideal for diverse financial goals.

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