What are the best schemes that I should invest in that would give me maximum returns? My daughter is five now.

Hi, Diversified Equity Mutual Funds are best investment options for children education. Here are some funds explained with examples. Your daughter is 5 years old. So, first you have to plan for her Graduation expenses and then Post Graduation Expenses. 1.Graduation: (e.g. Engineering) Current Cost - Rs. 6 Lacs Inflation : 10% Future Cost after 13 Years: 20.71 Lacs Expected Rate of Returns: 12% Monthly Investment Required to achieve this goal: Rs. 5,565/- OR Lump Sum Investment Required to achieve this Goal: Rs. 4.75 Lacs Suggested Funds: 1) DSP Blackrock Microcap Fund - 3,000/- per month 2) Kotak Select Focus Fund - 2,500/- per month 2. Post Graduation: (e.g. MBA) Current Cost - Rs. 15 Lacs Inflation : 10% Future Cost after 17 Years: 75.8 Lacs Expected Rate of Returns: 12% Monthly Investment Required to achieve this goal: Rs. 11,465/- OR Lump Sum Investment Required to achieve this Goal: Rs. 11.04 Lacs Suggested Funds: 1) Birla Sun Life Frontline Equity Fund - Rs. 6,000/- per month 2) HDFC Midcap Opportunities Fund - Rs. 5,000/- per month Hope it helps!