How can parents of 5-year-old daughter invest ₹10 lakh to secure her future?

Parents of a five-year-old daughter can create a diversified portfolio with ₹10 lakh in investments. One approach suggested by experts is allocating 65-70% to equity and index funds and the rest to safer options such as the government-backed Sukanya Samriddhi Yojana, which currently offers 8.2% interest per annum. Investments can be shifted towards safer assets as the child approaches 18.