Debt instruments are crucial in financial markets. They offer stable and reliable income, facilitate capital-raising, contribute to economic growth and diversify investment portfolios
Investments in the name of minor childrens for future expenses like college education, marriage, others can be done in many instruments including shares, mutual funds, bank fixed deposit (FD), post office schemes among others. Further if the income of a child is clubbed with the parent then a tax exemption is also given.