SIP vs SSY: Invest ₹2000 every month in Sukanya Samriddhi Yojana and SIP; Know who will make you richer after 21 years?

When it comes to investing for the secure and bright future of daughters, two options are most popular today—first, the government’s trusted Sukanya Samriddhi Yojana (SSY) and second, the Systematic Investment Plan (SIP) of mutual funds.

Both the investment vehicles have their own merits and safety criteria. Often, parents are confused as to where to save ₹ 2,000 every month for their daughter, so that the biggest fund can be prepared in future at the time of her studies or marriage. Today we are going to understand the A to Z calculation of both these options, which will make it as clear as water for you to take the right decision.

1. Complete mathematics of Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana is a small savings scheme run by the Central Government, which is completely safe and tax-free (EEE category).

• Current Interest Rate: Currently the government is on this scheme Compounding interest at 8.2% per annum Is giving.

• Investment Rules: In this scheme, the account has to be opened before the daughter turns 10 years of age. Continuously from the day of account opening up to 15 years You will have to invest ₹2,000 every month. After this, you do not have to deposit any money for the next 6 years (until the account turns 21 years old), but interest keeps getting added on it.

• Total Investment (in 15 years): $2,000 \times 12 \times 15 = ₹3,60,000$ (Rs 3.60 lakh)

• Total fund to be received after 21 years (SSY Maturity): At the current interest rate of 8.2%, your daughter will get Approximately ₹11,32,000 (Rs 11.32 lakh) Will be received.

2. Complete mathematics of mutual fund SIP

SIP is subject to market risks, but in the long term it has the potential to give double-triple returns compared to any government scheme.

• Estimated Annual Returns: If you invest in a well-diversified or large-cap mutual fund, as per the track record of the last 15-20 years, on an average Annual return of 12% to 15% Easily available. We are here for a practical 12% return Let’s assume.

• Investment Rules: In SIP, you can continue investing ₹ 2,000 every month continuously for 21 years (unlike SSY, there is no restriction on stopping investment after 15 years).

• Total Investment (in 21 years): $2,000 \times 12 \times 21 = ₹5,04,000$ (Rs 5.04 lakh)

• Total fund received after 21 years (SIP Wealth Generation): Based on an assumed average return of 12%, you will have Approximately ₹22,78,000 (Rs 22.78 lakh) A huge fund of Rs. can be prepared.

  
  

  (Note: If this return is 15%, then this fund can also cross ₹ 41 lakh).

Comparison Chart: What is the main difference between the two?

Which option is best for you?

• For whom SSY is best: If you do not want to take any risk at all, prefer to stay away from market fluctuations, and your only goal is 100% government protection with guaranteed returns, then Sukanya Samriddhi Yojana is best for your daughter.

• For whom SIP is best: If you want to beat inflation and create a huge corpus for your daughter’s higher education and are willing to take partial market risk for a long term of 20-21 years, then investing in SIP is the smartest way to grow your money faster.

Expert Tip: If your budget allows, the best strategy would be to divide your budget of ₹2,000 into two parts — ₹1,000 in Sukanya scheme (for safety) and ₹1,000 in an SIP of a good mutual fund (for higher returns).