Any views on opening PPF account for minor daughter

[samkapoor77]

I already have PPF account in which I am investing Rs. 1 lakh p.a. I want to open another PPF account for my minor daughter with investment of Rs. 1 lakh. I don’t want to stake my money in risky ventures plus taxation is not my concern here. What are your views on this?

[Sameer Kapoor]

If you are really concerned about riskiness of long term investment options, then opening PPF account is the right option for you. Open your daughter’s account under your wife’s guardianship otherwise you will be restricted to invest Rs. 1 lakh in both of these PPF accounts.

[Author]

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