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In India there are many forms of investments that are investment-specific or appropriate to girls that help them to secure their future needs, such as further studies and matrimony. The best scheme is Sukanya Samriddhi Yojana (SSY), which wants only girl children below the age of 10 and has the highest interest rate of 8.2% p.a. Applications are made under section 80C and EEE status (tax-free interest and maturity).

Other good alternatives would be the Public Provident Fund (PPF) with guaranteed returns and a 15-year tenure; Unit Linked Insurance Plans (ULIPs), which offer higher potential returns by investing in equity or balanced mutual funds; and investing with a fixed deposit or National Savings Certificate.

These plans enable serious savings of small amounts. Effects on risk appetite, time horizon, and taxation should be evaluated by the parents and then decided. It is advisable to consult a financial advisor to ensure a balance between investing and achieving the long-term objectives set by a girl, taking advantage of compounding and governmental benefits.