SIP vs SSY: Where to invest for your daughter's future? Here is the full calculation for a ₹2,000 monthly investment.

Investment for the Girl Child: Both SSY (Sukanya Samriddhi Yojana) and SIP (Systematic Investment Plan) are viable investment options for a daughter's future. Which option generates a better corpus from a monthly investment of ₹2,000 depends on the returns and your financial goals.

SIP vs Sukanya Samriddhi Yojana: If you wish to start saving early for your daughter's education, career, or marriage, choosing the right investment option is crucial. Currently, Sukanya Samriddhi Yojana (SSY) and Mutual Fund SIPs are two popular choices for long-term investment. While both aim to build a substantial corpus for the future, they differ in their operational mechanisms and the returns they offer.

If you are considering investing ₹2,000 per month, it is important to understand which scheme can generate a larger corpus and which option better suits your specific needs. Let’s look at the detailed calculations...

What will you get from a monthly investment of ₹2,000?

If your daughter is 2 years old and you invest ₹2,000 per month in an SIP until she turns 21—assuming an average annual return of 12%—you could build a corpus of approximately ₹22 to ₹24 lakh on a total investment of ₹5.04 lakh. In contrast, if you invest ₹2,000 per month in the Sukanya Samriddhi Yojana for 15 years, your total investment would be ₹3.60 lakh. With an interest rate of 8.2%, you could receive approximately ₹9.5 to ₹10 lakh upon the completion of the 21-year tenure.

Which option should you choose for your daughter?