Sukanya Samriddhi Yojana vs SIP vs NPS: Which yields higher returns on a Rs 9,000 monthly investment?
Explore the returns from Sukanya Samriddhi Yojana, SIP, and NPS on a Rs 9,000 monthly investment. This guide compares key aspects, helping you choose the best option for maximizing long-term savings.
Choosing the right investment plan can significantly impact your financial future. With options like Sukanya Samriddhi Yojana (SSY), Systematic Investment Plans (SIP), and the National Pension System (NPS), you can achieve different financial goals. But which one delivers the best returns on a monthly Rs 9,000 investment? In this comparison, we analyze the potential growth, returns, and benefits of each option to help you make an informed decision for building long-term wealth and achieving financial security.
Sukanya Samriddhi Yojana (SSY)
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A savings scheme launched in 2015 under the Beti Bachao, Beti Padhao initiative.
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Allows guardians to open a savings account for a girl child with authorized commercial banks or India Post.
A savings scheme launched in 2015 under the Beti Bachao, Beti Padhao initiative.
Allows guardians to open a savings account for a girl child with authorized commercial banks or India Post.
Interest Rate
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Offers an interest rate of 8.2%.
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A Sukanya Samriddhi Yojana calculator can help estimate returns based on the invested amount and tenure.
Offers an interest rate of 8.2%.
A Sukanya Samriddhi Yojana calculator can help estimate returns based on the invested amount and tenure.
Investment & Returns
- Total Investment: Rs 1,35,000
- Total Interest: Rs 2,80,655
- Maturity Value: Rs 4,15,655
National Pension System (NPS)
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A government-backed pension scheme designed to provide income after retirement.
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Regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
A government-backed pension scheme designed to provide income after retirement.
Regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
Key Features
- Market-linked, defined contribution scheme.
- Offers a simple, voluntary, and flexible approach to retirement savings.
- Helps boost retirement income and offers tax-saving benefits.
Systematic Investment Plan (SIP)
- SIPs are a method of investing in mutual funds, allowing for systematic, periodic investments.
- Available for weekly, quarterly, or monthly contributions.
Returns
- Investment Amount: Rs 16,20,000
- Estimated Returns: Rs 15,15,106
- Total Value: Rs 31,35,106
Calculations
- Investment Amount: Rs 16,20,000
- Estimated Returns:Rs 21,41,318
- Total Value: Rs 37,61,318