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Abstract
Every parent wants the best for their children. So when a daughter is born, considering the current inflation trajectory, prudent parents start saving and investing for her future (education & marriage) in a variety of investment instruments. Mutual funds, Bank Fixed Deposits, and several tax saving instruments like PPF or NSC are popular options available for investments in India. But not all of these are best suited for everyone. A risk-averse investor (conservative) looking for assured returns, ideally stay away from the ones providing market-linked or variable returns. In such a scenario, the Sukanya Samriddhi Yojana (SSY), a Government of India backed scheme, is a worthwhile option.