We celebrate November 14 as Children's Day every year. While parents have big dreams of a bright future for their child, realising those dreams needs some planning! Creating a corpus can go a long way in ensuring that your child gets the security and opportunities that he or she deserves.
The insurance industry offers products called 'Child Plans' but are these products worth investing in? What are the costs involved? What are the expected returns that you should have in mind? And should you look at only child plans offered by the insurance industry or also consider mutual funds?
To discuss this issue, CNBC-TV18 spoke to Amit Kukreja, investment adviser & founder of AmitKukreja.com and Mahavir Chopra, the chief business officer at Coverfox.com.