Introduction: Building a Legacy That Lasts
For NRI parents, wealth planning is not just about retirement—it’s about leaving a meaningful legacy. Creating a legacy fund for your children ensures that they are financially secure, able to pursue education, start businesses, or maintain a comfortable lifestyle in the future.
With guaranteed wealth plans and structured investments, NRIs can pass on wealth while minimizing risks and maximizing growth.
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Why NRIs Should Focus on a Legacy Fund
- Financial Security for Children: Ensure funds for education, housing, and major life milestones.
- Long-Term Wealth Accumulation: Build corpus over 10–30 years for significant growth.
- Risk Management: Guaranteed plans protect capital against market volatility.
- Tax Efficiency: Certain plans offer deductions under Section 80C and estate planning benefits.
- Peace of Mind: Knowing your children are financially supported brings emotional and psychological relief.
Top Investment Options for NRI Parents
1. Guaranteed Wealth Plans
- Offered by Bajaj, LIC, and HDFC
- Fixed returns with life cover
- Options for monthly or lump-sum payouts
- Perfect for long-term legacy planning
2. Mutual Funds & Equities
- Growth-oriented investments
- Moderate to high risk
- Ideal for building a corpus over 10–20 years
3. Real Estate
- Investment in premium properties in India
- Rental income + capital appreciation
- Serves as tangible legacy for children
4. NRE/NRO FDs
- Repatriable and safe
- Moderate interest rates (3–6% p.a.)
- Useful for liquidity and emergency funds
How to Create a Legacy Fund
- Determine Goals: Estimate the corpus needed for your child’s future education, marriage, business, or lifestyle.
- Choose Investment Mix: Balance between guaranteed wealth plans, growth-oriented investments, and safe bank instruments.
- Invest Early: The earlier you start, the higher the compounding effect.
- Nominate Beneficiaries: Ensure children are the official nominees for all plans.
- Review Regularly: Adjust investments as per market conditions, inflation, and child’s needs.
Example: Legacy Planning for an NRI Parent
Scenario: Parent wants ₹50 Lakh (~AED 22 lakh) corpus for child at age 25.
| Plan | Investment | Expected Returns | Outcome |
|---|---|---|---|
| Bajaj Guaranteed Wealth Plan | ₹25 lakh over 10 years | 5–6% p.a. | ₹50–55 Lakh corpus |
| LIC Child Plans | ₹20 lakh over 10 years | 4–5% p.a. | ₹45–50 Lakh corpus |
| NRE FD | ₹5 lakh | 4.5% p.a. | ₹7–8 Lakh corpus |
By combining guaranteed wealth plans with FDs, NRI parents ensure a secure and inflation-beating legacy.
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Tips for NRI Parents
- Start Early: Compounding works best over long durations.
- Diversify Investments: Reduce risk by mixing safe and growth assets.
- Tax Planning: Use Section 80C benefits and estate planning tools.
- Monitor & Adjust: Periodically check performance and rebalance portfolio.
- Nomination & Documentation: Keep all beneficiary details updated for hassle-free transfer.
Conclusion – Secure Your Child’s Future Today
Creating a legacy fund for children allows NRI parents to:
- Provide financial independence for their children
- Build long-term wealth safely and securely
- Ensure luxury, education, and comfort for future generations
- Pass on risk-free investments and legacy planning strategies
Plan your child’s financial future now: WhatsApp: wa.me/8517125619
