Most parents save for meeting various needs of their children. However it is important to understand that savings alone will not suffice. It is vital to save an appropriate sum of money and invest it systematically in suitable investment avenues for it to become beneficial. Selecting an ideal portfolio mix of equity, debt, gold is a daunting task for most investors. Furthermore, the investment options & strategy depends upon the age of the child. For instance, an investment plan for a child in age group of 3-4 years will vary for those in the group of 15-16 years.