Best investment option for 10yr old kid?

for a 10yr old kid which investment plan will give the maximum returns when he goes for college (including post graduation)?

investment options in india

hey, since your in india... remember one thing...the safest place to put your money is in the bank. u can play the stock market but there is a chance to loose all your money.. and i think u might be underage for that.

what i reccomend you do is, call up the banks, icici etc... and ask them a student account or to make a FD (fixed deposit), this gives you a high intreast rate with no risk at all.

the FD would usually have a higher payback but rememer it depends on the term/length of the FD and you will not be able to access your money during this time.

also if you are intreasted in stocks and shares call up the bank and talk to an investment manager. he/she will be able to guide you best on what their bank can offer and how you can maximise your money.

kids growth plan ,you can save money and kid is eligeble to widraw after 18

Invest in any Equity Diversified Mutual Fund.
Invest through the SIP route.

I would recommend a mutual fund that rebalances the portfolio as time goes by. In the beginning it will invest more aggressively to maximize gains but as the child gets older it will automatically invest in lower return/lower risk investments to protect capital since it will be needed for immediate college expenses.

an e- account at your bank gives a higher rate of return than a reg. savings account, check with your bank to see if they offer them.

LIC's profit plus is the best choice.you deposit as single premium for ten years period.But you can surrender any time after three years.IN five years period your investment will be minimum three times of your investment.