Top 25 Investment Options for Kids in India: A Complete Guide

by | May 19, 2024 | Banking & Finance

Top 25 Investment Options for Kids in India: A Complete Guide

Planning for the financial security and future needs of children is a vital component of parental responsibility. In India, there exists a plethora of investment avenues catering specifically to this purpose, each offering distinct features and potential benefits. This comprehensive guide aims to explore the top 25 investment options available for children in India, providing a detailed examination of their characteristics, advantages, disadvantages, and suitability to empower parents in making informed decisions.

                                                                                                                         Subas Tiwari

1. Public Provident Fund (PPF):

  • Plan Details: A government-backed savings scheme with a 15-year lock-in period, providing tax benefits under Section 80C.
  • Advantages: Assured returns, tax benefits, ideal for long-term wealth accumulation.
  • Disadvantages: Limited liquidity, fixed interest rate.
  • Features: Fixed interest rate, tax benefits, partial withdrawal facility, and maturity extension.
  • Suitability: Recommended for risk-averse investors, those seeking long-term wealth creation, and individuals prioritizing tax efficiency.

2. Sukanya Samriddhi Yojana (SSY):

  • Plan Details: Specifically designed for the girl child, offering tax benefits under Section 80C with a lock-in period of 21 years.
  • Advantages: Competitive interest rates, tax benefits, dedicated savings for the girl child’s future.
  • Disadvantages: Partial withdrawal allowed only for specific purposes like education and marriage.
  • Features: Attractive interest rates, tax benefits, provisions for partial withdrawal, and extended maturity duration.
  • Suitability: Ideal for parents with daughters, aiming for dedicated savings towards the girl child’s education and marriage expenses.

3. Equity Mutual Funds:

  • Plan Details: Diversified mutual funds investing primarily in equity markets, suitable for long-term capital appreciation.
  • Advantages: Professional management, potential for high returns, and portfolio diversification.
  • Disadvantages: Subject to market risks and volatility.
  • Features: Diversification, Systematic Investment Plan (SIP) facility, and growth-oriented investment approach.
  • Suitability: Recommended for long-term investors comfortable with market fluctuations and seeking potentially higher returns.

4. Child Education Plans:

  • Plan Details: Insurance-cum-investment products designed to finance a child’s education, offering life cover and investment benefits.
  • Advantages: Insurance protection, tax benefits, and maturity benefits tailored for education expenses.
  • Disadvantages: Higher premiums and complex product structures.
  • Features: Insurance coverage, investment growth, tax advantages, and specific provisions for educational funding.
  • Suitability: Suitable for parents prioritizing financial protection for their child’s education and seeking long-term savings.

5. Gold ETFs:

  • Plan Details: Exchange-traded funds tracking the price of gold, providing investors exposure to the precious metal.
  • Advantages: Investment in gold without physical ownership, liquidity, and tax efficiency akin to equities.
  • Disadvantages: Performance directly linked to gold prices.
  • Features: Gold price exposure, ease of trading, and tax treatment similar to equity investments.
  • Suitability: Recommended for investors looking to diversify their portfolio and hedge against inflation.

6. Equity Linked Savings Schemes (ELSS):

  • Plan Details: Tax-saving mutual funds predominantly investing in equities, offering tax benefits under Section 80C.
  • Advantages: Tax savings, potential for higher returns, and a mandatory lock-in period.
  • Disadvantages: Susceptible to market risks and volatility.
  • Features: Tax benefits, potential for capital appreciation, and a three-year lock-in period.
  • Suitability: Ideal for tax-conscious investors with a long-term investment horizon and appetite for market-linked returns.

7. National Savings Certificate (NSC):

  • Plan Details: Government-backed savings instrument with a fixed interest rate and tax benefits under Section 80C.
  • Advantages: Sovereign guarantee, tax benefits, and fixed interest income.
  • Disadvantages: Interest income is taxable, limited liquidity.
  • Features: Government-backed security, fixed interest rate, and reinvestment options.
  • Suitability: Suited for risk-averse investors seeking fixed income and tax-saving avenues.

8. Unit Linked Insurance Plans (ULIPs):

  • Plan Details: Insurance-cum-investment products offering flexibility to invest in equity and debt funds, coupled with insurance coverage.
  • Advantages: Insurance protection, investment options, tax benefits, and flexibility.
  • Disadvantages: Charges impact returns, complex product structure.
  • Features: Dual benefits of insurance and investment, flexibility in fund allocation, and tax advantages.
  • Suitability: Recommended for individuals seeking both insurance coverage and investment growth over the long term.

9. Recurring Deposits (RDs):

  • Plan Details: Regular savings scheme with fixed returns, allowing investors to deposit a predetermined sum monthly.
  • Advantages: Disciplined savings, fixed returns, and flexibility in tenures.
  • Disadvantages: Relatively lower interest rates, limited liquidity.
  • Features: Regular savings habit, fixed returns, and customizable tenure options.
  • Suitability: Ideal for risk-averse investors aiming for disciplined savings and a fixed income stream.

10. Fixed Deposits (FDs):

  • Plan Details: Traditional savings scheme offering fixed interest rates and various tenure options.
  • Advantages: Fixed returns, capital protection, and tax benefits under Section 80C.
  • Disadvantages: Interest income is taxable, limited liquidity.
  • Features: Fixed interest rates, flexibility in tenure, and tax-saving potential.
  • Suitability: Suitable for conservative investors seeking assured returns and capital preservation.

11. Sovereign Gold Bonds (SGBs):

  • Plan Details: Government-issued bonds linked to the price of gold, offering fixed returns and tax benefits.
  • Advantages: Backed by the government, investment in gold without physical possession, and tax exemption on capital gains.
  • Disadvantages: Fixed tenures, returns dependent on gold prices.
  • Features: Government backing, fixed interest rate, and exemption on capital gains tax.
  • Suitability: Recommended for investors seeking exposure to gold as an asset class without the hassle of physical storage.

12. National Pension System (NPS):

  • Plan Details: Voluntary retirement savings scheme offering tax benefits and a choice of investment options, with an annuity component.
  • Advantages: Tax benefits, diversified investment options, and regular income post-retirement.
  • Disadvantages: Restrictions on withdrawals, compulsory annuity purchase.
  • Features: Tax advantages, investment flexibility, and pension benefits.
  • Suitability: Ideal for retirement planning, long-term investors, and those seeking tax-efficient investment avenues.

13. Exchange Traded Funds (ETFs):

  • Plan Details: Mutual funds traded on stock exchanges, providing investors with diversified exposure to various asset classes.
  • Advantages: Diversification, low expense ratio, and liquidity.
  • Disadvantages: Market risks, tracking error.
  • Features: Portfolio diversification, cost-effectiveness, and ease of trading.
  • Suitability: Recommended for investors seeking broad market exposure and cost-efficient investment vehicles.

14. Corporate Fixed Deposits:

  • Plan Details: Fixed deposits offered by corporate entities, typically providing higher interest rates than bank FDs.
  • Advantages: Enhanced returns, flexibility in tenure, and company-backed security.
  • Disadvantages: Higher risk compared to bank FDs.
  • Features: Attractive interest rates, varying tenures, and security backed by the issuing company.
  • Suitability: Suited for investors comfortable with slightly higher risk seeking better returns than traditional bank FDs.

15. Senior Citizens Savings Scheme (SCSS):

  • Plan Details: Savings scheme tailored for senior citizens, offering higher interest rates and regular income.
  • Advantages: Attractive interest rates, tax benefits, and steady income stream.
  • Disadvantages: Age restrictions, limited liquidity.
  • Features: Competitive interest rates, tax advantages, and government-backed security.
  • Suitability: Ideal for retirees seeking regular income and capital preservation.

16. Bonds:

  • Plan Details: Fixed-income securities offering predetermined interest payments over a specific period.
  • Advantages: Fixed interest income, capital preservation, and investment stability.
  • Disadvantages: Interest rate risk, market fluctuations.
  • Features: Fixed interest rates, diverse issuers, and income predictability.
  • Suitability: Recommended for risk-averse investors prioritizing income stability and capital protection.

17. Direct Equity:

  • Plan Details: Investment in individual stocks, offering potential for high returns and dividends.
  • Advantages: Growth potential, dividend income, and ownership in companies.
  • Disadvantages: Market volatility, individual stock risks.
  • Features: Capital appreciation, dividend payouts, and ownership rights.
  • Suitability: Suitable for investors with a high-risk tolerance seeking long-term capital appreciation and willing to bear market fluctuations.

18. Post Office Monthly Income Scheme (POMIS):

  • Plan Details: Savings scheme providing fixed monthly income with a predetermined interest rate.
  • Advantages: Regular income stream, capital preservation, and government-backed security.
  • Disadvantages: Relatively lower returns compared to other options, limited liquidity.
  • Features: Fixed interest rates, monthly income, and sovereign guarantee.
  • Suitability: Ideal for risk-averse investors seeking stable income streams and capital protection.

19. Fixed Maturity Plans (FMPs):

  • Plan Details: Close-ended debt funds with fixed maturity periods and predetermined interest rates.
  • Advantages: Fixed returns, capital protection, and predictable investment horizon.
  • Disadvantages: Lack of liquidity, market risks.
  • Features: Fixed interest rates, maturity certainty, and capital preservation.
  • Suitability: Suitable for investors seeking assured returns and willing to lock in investments for a specific period.

20. Child Savings Accounts:

  • Plan Details: Dedicated savings accounts for children offering competitive interest rates and tailored benefits.
  • Advantages: Higher interest rates, financial education, and special perks.
  • Disadvantages: Limited returns compared to investment options, withdrawal restrictions.
  • Features: Competitive interest rates, financial literacy initiatives, and child-centric benefits.
  • Suitability: Ideal for teaching financial discipline, short-term savings goals, and fostering early savings habits.

21. Real Estate Investment Trusts (REITs):

  • Plan Details: Investment in real estate assets through a trust structure, offering regular income and potential capital appreciation.
  • Advantages: Exposure to real estate with lower investment, dividend income, and portfolio diversification.
  • Disadvantages: Market volatility, property market dependency.
  • Features: Real estate exposure, rental income, and potential for capital appreciation.
  • Suitability: Recommended for investors seeking exposure to real estate without direct ownership and steady income generation.

22. Initial Public Offerings (IPOs):

  • Plan Details: Opportunity to invest in shares of newly listed companies during their initial offering to the public.
  • Advantages: Potential for high returns, early investment opportunity in promising companies.
  • Disadvantages: High risk, uncertainty associated with new ventures.
  • Features: Investment in budding companies, growth potential, and early entry advantage.
  • Suitability: Suitable for risk-tolerant investors with a long-term perspective and a high appetite for growth stocks.

23. Education Savings Plans:

  • Plan Details: Tailored savings plans designed specifically for educational expenses, providing tax benefits and investment growth.
  • Advantages: Dedicated savings for education, tax benefits, and wealth accumulation for future educational needs.
  • Disadvantages: Limited flexibility, higher management fees.
  • Features: Education-centric savings, tax advantages, and long-term wealth creation.
  • Suitability: Ideal for parents planning for their child’s education expenses and seeking tax-efficient investment avenues.

24. Health Insurance Policies:

  • Plan Details: Insurance products offering coverage against medical expenses along with tax benefits under Section 80D.
  • Advantages: Health coverage, financial protection against medical emergencies, and tax benefits.
  • Disadvantages: Premium costs, coverage limitations, and claim processing complexities.
  • Features: Comprehensive health coverage, tax advantages, and peace of mind.
  • Suitability: Recommended for parents prioritizing their child’s health and well-being, aiming to mitigate financial risks associated with medical emergencies.

25. Peer-to-Peer Lending (P2P):

  • Plan Details: Online lending platforms connecting investors with borrowers, offering potentially high returns.
  • Advantages: Alternative investment avenue, potential for attractive returns, and portfolio diversification.
  • Disadvantages: Default risk, lack of regulatory oversight, and liquidity constraints.
  • Features: Investment in loans, high return potential, and diversification benefits.
  • Suitability: Ideal for investors seeking alternative investment avenues, willing to take moderate risks for potentially higher returns.

Investing wisely for the future of children is paramount for parents. The aforementioned top 25 investment options cater to diverse financial goals, risk appetites, and investment horizons. By comprehensively understanding the nuances of each investment avenue—ranging from traditional instruments like PPF and FDs to modern options like REITs and P2P lending—parents can effectively strategize and secure their child’s financial future. It is imperative to weigh the advantages, disadvantages, and suitability of each option against individual preferences and financial objectives to make informed investment decisions that align with the long-term aspirations for their children.

Here are 10 essential tips to consider when investing for your children’s future

  • Commence Early: Initiating investments for your children early on is key. The sooner you start, the more time their investments have to grow. Even modest contributions can yield substantial returns over time due to compounding.
  • Establish Clear Objectives: Clearly define the purposes of your investments. Are you aiming to save for their education, a home down payment, or to provide financial security? Having well-defined goals enables you to tailor your investment approach accordingly.
  • Embrace Diversification: Distribute investments across various asset classes like equities, bonds, real estate, and commodities. Diversification helps mitigate risk by avoiding over-reliance on any single investment avenue.
  • Tax Awareness: Understand the tax implications associated with different investment options. Opt for tax-efficient vehicles such as PPF, SSY, or ELSS funds to maximize returns while minimizing tax liabilities.
  • Regular Evaluation and Adjustment: Periodically assess your investment portfolio to ensure alignment with your objectives and risk tolerance. Make adjustments as necessary to maintain the desired asset allocation.
  • Think Long Term: Children’s investments typically have a prolonged time horizon. Refrain from reacting impulsively to short-term market fluctuations. Stay committed to your long-term goals.
  • Foster Financial Literacy: Involve your children in the investment process as they mature. Educate them about the significance of saving, investing, and managing finances responsibly to instil valuable financial skills.
  • Prioritize Emergency Fund: Prioritize the establishment of an emergency fund to cover unforeseen expenses before directing funds towards your children’s investments. An emergency fund serves as a financial safety net, preventing the need to tap into investment funds prematurely.
  • Stay Educated: Keep yourself abreast of financial markets, investment opportunities, and economic trends. Knowledge empowers you to make well-informed investment decisions and adapt to evolving market conditions.
  • Seek Professional Guidance: Consider consulting with a financial advisor or planner, particularly when navigating complex investment strategies or managing substantial funds. A professional can offer tailored guidance aligned with your family’s financial circumstances and aspirations.

In conclusion, investing for your children’s future demands a long-term commitment and prudent decision-making. With careful planning, disciplined execution, and periodic reassessment, you can help secure a prosperous financial future for your children.

Rethinking Health Claims: Ensuring Transparency and Accountability for Consumers

by | May 19, 2024 | Editorial

Rethinking Health Claims: Ensuring Transparency and Accountability for Consumers

In a recent development, iconic health drink brands like Bournvita are set to lose their ‘health drink’ status. This announcement marks a significant shift in the narrative surrounding these products and raises pertinent questions about the transparency and accountability of health claims in the consumer market.

For years, products like Bournvita have been marketed as essential supplements for promoting health and well-being, especially among children. However, the reclassification of these beverages challenges the conventional understanding of what constitutes a ‘health drink.’ It prompts us to reevaluate the claims made by manufacturers and underscores the need for greater scrutiny and regulation in the consumer goods industry.

The decision to revoke the ‘health drink’ status comes amid growing concerns about the nutritional value and health implications of such products. While they may offer certain benefits, the emphasis on their health-promoting properties often overshadows critical aspects such as sugar content, artificial additives, and overall nutritional balance.

Consumers, particularly parents, rely on these health drink brands with the expectation that they will contribute positively to their family’s well-being. However, the reclassification serves as a wake-up call, urging consumers to exercise greater discernment and demand transparency from manufacturers regarding the ingredients and nutritional composition of these products.

Moreover, this development underscores the importance of robust regulatory frameworks to protect consumer interests. It highlights the need for stringent guidelines governing health claims in advertising and packaging, ensuring that consumers are not misled by exaggerated or unsubstantiated assertions.

As consumers, we have the right to make informed choices about the products we purchase and consume. This includes access to accurate and reliable information about their nutritional content and potential health implications. The reclassification of ‘health drinks’ like Bournvita serves as a reminder of the responsibility that manufacturers bear in providing transparent and truthful representations of their products. It is a call to action for both manufacturers and regulators to prioritize the well-being of consumers above commercial interests. By fostering a culture of transparency and accountability, we can ensure that consumers make informed choices that promote their health and vitality.

We extend our sincere appreciation to our esteemed readers for their unwavering support. Your engagement, feedback, and ideas play a pivotal role in our mission to deliver informative articles. Share your thoughts and suggestions at info@consumer-voice.org, as together, we nurture a knowledgeable and empowered community.

Wishing you an enriching and enjoyable reading experience ahead!

Pallabi Boruah

Editor

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Exploring the Dual Benefits of Double Door Refrigerators: Space and Efficiency

Exploring the Dual Benefits of Double Door Refrigerators: Space and Efficiency

by | May 6, 2024 | Refrigerator

The refrigerator (or fridge) has come a long way from being a luxury item to a necessary appliance today. It preserves the nutrients in our food. It also keeps our food safe for consumption by keeping bacterial growth at bay for a longer period. Of course, it also keeps our favourite beverages cool and ready to be had. These are all things we can agree on. But when it comes to buying a refrigerator, we all will have a different take on which brand/model/capacity is optimal. Apart from personal tastes, that choice will largely depend on the storage capacity we need, our eating habits, space in the house and most importantly our budget. The very large number of models in the market may make the whole process more complicated than expected. Just the brand name may not be sufficient to base a buying decision on. Here, we bring to you some consolidated basic research on frost-free refrigerators, focusing on aspects such as gross volume, storage volume, electricity consumption, star rating and warrantee – factors based on which you can make a choice among the many brands/models.

The first decision is necessarily choosing between a direct-cool refrigerator and a frost-free one. The former is typically much less expensive than the latter. A direct cool model produces the necessary chill through natural convection. Frost-free refrigerators, as the name implies, do not require any kind of manual defrosting. Also, the life expectancy of the current models of frost-free refrigerator is greater than that of the current direct-cool models in the market.

There are also the inverter-type refrigerators that allow for varied speed and runs in longer cycles at low speed. These utilise electricity energy more efficiently. If upfront cost for buying is not a concern for you, then do look at refrigerators with inverter technology. The extra money you pay upfront will be recovered in the form of electricity savings.

A convertible refrigerator gives you the extra space when the refrigerator runs out of storage space. Its freezer transforms into a fridge and back into a freezer as per your need.

What other things you should know before you buy a refrigerator? The following points are handy:

  • What size and which type, brand and model?
  • What does the star rating actually mean?
  • Does the refrigerator keep your food at a fixed temperature?
  • Why so many different compartments?
  • What do I need to know about new features?

When planning to buy a refrigerator, don’t rely on advertisements, thinking the most advertised brand is the best. You might miss some opportunities by not checking other brands. List out your needs and features important to you; considering your budget, choose the one best suited to you.

  • Size/Capacity: It depends on need, costing and space. A family of four can easily do with a 250–300 litres refrigerator. 

Family Size

Capacity

Bachelors or couple

Less than 200 litres

Small family

200 to 300 litres

Family of four

250 to 350 litres

Larger family

300 litres or more

Colour and Finish

Stainless-steel fridges bring that sleek, professional look to your kitchen but can be prone to showing fingerprints and other marks.  White fridges are easier to keep clean than their stainless-steel counterparts. Fridges in bright colours are increasingly popular. A black fridge is a modern alternative to a plain white appliance but without the fingerprint-showing tendencies of stainless steel, but they can be a little imposing and may make your kitchen itself seem darker.

  • Top- or bottom-mounted freezer: If price, range, efficiency, and value are your biggest concerns, then a top-mounted fridge is for you. The disadvantage is you have to bend down to access the food compartment, which is the most used. Bottom-mounted fridges are all about convenience—and save you from back pain. Plenty of space and extra features make side-by-side fridges great for large families.
  • Star rating (energy consumption): Your fridge contributes to your energy bill, so choosing an efficient one will save you money. While larger fridges will use more energy overall than smaller ones, the energy star ratings help you compare relative energy efficiency. Choose the fridge with more stars when choosing between two similar-sized models because it will cost you less to run. In India, it is now mandatory to fix star rating label on refrigerators. Star rating denotes how energy-efficient your appliance is. 
  • Compressor: It is the basic mechanism (heart), besides the freezer and condenser, by which the refrigerator works. A normal compressor runs at a constant speed throughout. On the other hand, an inverter compressor can run at varying speeds. It starts at a low speed and boosts up when there is a loss in cooling. This is in contrast with normal compressors that take off at a high speed, consuming more electricity and producing a lot of noise.
  • Cooling capabilities: It refers to the amount of time a refrigerator takes to decrease temperature to lower (minus) side. Faster cooling/freezing is desirable.
  • Noise: Whether refrigerator noise is an issue or not depends on your kitchen layout and its proximity to living and sleeping areas. Refrigerators can make a variety of strange noises due to compressor startup, automatic defrosting, electrical fans, and even from materials expanding and contracting as they change temperature. This is normal but may be more noticeable in models that are quieter during normal running. Refrigerators typically operate at around 35 decibels during normal running.  
  • Guarantee/warrantee: It is important to enquire about the guarantee/warrantee. Most refrigerators come with a one-year warrantee. The compressor warrantee may vary from 10-20 years. The details are given in the warrantee card.

Keeping Food Cold and Safe?

Keeping food cold and safe for long periods is the whole point of a fridge, but not all fridges are equal in this regard. Above 40 degrees F of food compartment is considered an unsafe zone, which means that food is susceptible to spoiling or growing harmful bacteria – therefore set the thermostat accordingly. 

How to set up your fridge’s temperature control settings:

  • Check if your fridge is set to the recommended settings from the manual.
  • Use a thermometer to measure internal temperature (summer and winter).
  • Adjust your settings until you have 3 degrees C (fridge) and -18 C (freezer).
  • Maintain good airflow inside the fridge to avoid hot and cold spots.
  • As a rule, keep an at least 5 cm clearance from wall/sides.

    Comparison at a Glance: Double Door Refrigerators

    For our survey, we selected commonly sold brands of Double Door, frost-free refrigerators with a capacity of 235–340 litres. The survey was conducted in the first week of April 2024.

    Sl No. Brand Model 

    Total Storage volume 

    (Liters)

    Freezer + fresh Food 

    volume 

    (Liters)

    		 Annual Energy Consumption, kwh per year BEE Star Rating Price, Rs.

    Warrantee

    (product+ compressor) years
    1 Whirlpool NEO DF278 PRM 235 52+183 265 2 22690 1+10
    2 LG GL-I292RPZX 242 61+181 232 3 25990 1+10
    3 Samsung RT28C3053S8/HL 236 53+183 229 3 24990 1+20
    4 Haier HEF-252EGS-P 240 57+183 270 2 20990 1+10
    5 Samsung RT28C3032GS/HL 236 53+183 263 2 23190 1+10
    6 Samsung RT30C3733BX/HL 256 53+203 231 3 24490 1+10
    7 Godrej RF EON 265C RCIF FS ST 244 50+194 231 3 23990 1+10
    8 Godrej RT EONALPHA 270B 25 RI JD PR 253 51+180 265 2 22890 1+10
    9 Whirlpool ‎NEO DF278 PRM 235 52+183 265 2 22690 1+10
    10 Panasonic NR-TH272CVHN 260 83+177 232 3 27490 1+10
    11 Samsung RT28C3922S9/HL 236 53+183 263 2 24490 1+10
    12 Samsung RT37C4512S8/HL 322 50+272 276 2 34990 1+10
    13 LG GL-S262SPZX 246 58+188 232 3 26990 1+10
    14 Whirlpool NEO DF278 PRM 235 52+183 265 2 22690 1+10
    15 Samsung RT28C3122S8/HL 236 53+183 263 2 24190 1+10
    16 Panasonic NR-TH292CPKN 280 83+207 234 3 30590 1+10
    17 Panasonic NR-TH272CVHN 260 83+177 232 3 27490 1+10
    18 Whirlpool NEO DF278 PRM ARCTIC STEEL (2s)-N 265 75+184 500 2 21945 1+10
    19 LG GL-S302SPZY 264 59+205 270 2 27990 1+10
    20 Lloyd GLFF342AMWT1PB 340 85+255 239 2 32500 1+10
    21 Panasonic

    NR-TG325CPKN

     

    		 309 83+226 207 3 33990 1+10
    22 Bosch CTC27S031I 243 49+194 3 28500 1+10
    23 Samsung RT34C4523B1/HL 301 72+229 237 3 35490 1+20
    24 Midea MDRT359FGI28 233 63+170 242 3 21990 1+10
    25 Bosch CTC27S031I 243 49+194 3 28500 1+12
    26 Voltas Beko ‎RFF270C/WPNBR0 230 225 3 26900 2+12
    27 Samsung RT28C3022CR/NL 236 53+183 2 26800 1+10
    28 LG GL-S292RDSY 240 61+179 267 2 26590 1+10
    29 Bosch CTC29BT31I 269 49+220 3 31900 1+10
    30 Whirlpool IFPRO BM INV CNV 340 285 65+215 257 2 33900 1+10

    Note: Price may vary from retailer to retailer. Please check latest price on amazon.in or flipkart.com.

    Some Other Important Points

    • Door: Make sure you can open the fridge doors easily and comfortably.

    • Temperature controls: Look for two separate temperature controls. A single control sets both the freezer and the fresh food compartment, so you can’t adjust one without affecting the other. Some electronic fridges have better independent controls.

    • Shelves: Shelves ought to be easy to remove and replace for cleaning or adjustment. Does the range of shelf positions suit your needs?

    • Rollers and adjustable feet: Rollers are useful for easy moving (such as when cleaning behind the fridge). Four rollers are better than two, provided they have brakes or adjustable feet to secure the fridge and stop it from escaping.

    • Dairy compartment: A slightly warmer area of the fridge, it is convenient for keeping butter and hard cheeses slightly soft.

    • Chiller (meat compartment): This compartment stores meat, fish, and poultry (fresh or cooked) at a safe temperature, keeping it fresher for longer. Chiller temperature should be close to zero and ideally it should have a separate temperature control.

    • Childproofing: Keep kids safe and choose a child-friendly fridge. 

    • Door alarms: This feature is very useful because if the door does not shut all the way, then the door will either beep or chime. This helps prevent food and energy waste.

    Tips for Using the Refrigerator

    • Avoid opening the fridge frequently – you will save power.
    • Clean off the condenser coils at least once a year.
    • Protect your fridge from high heat sources.
    • Reduce your frost accumulation if it’s a direct-cool refrigerator.
    • Let your food cool before putting it in.
    • Cover everything (food) stored. 
    • Check the door seal for air leakage. 
    • Clean the drain hole and drip pan. 
    • Adjust level for easier closing of door. 
    • Wipe all surface areas with a combination of dishwashing soap and warm water. Use a microfibre cloth or a good-quality sponge.
    • For stubborn stains, mix a small amount of baking soda with a little water to produce a thick paste. Apply the paste to the stain and leave for an hour before wiping with a damp sponge or cloth. Disinfectants should never be used inside refrigerators.

    Refrigerator

    Refrigerator

    by | May 5, 2024 | consumer durable

    Refrigerator

    Keeping Your Food Fresh and Healthy – the best fridge will do the cool job for you!

    Solar Rooftop System

    With the changing lifestyle and rise in temperatures, refrigerators are now inevitable part of our lives. Be it for storing food or having a cold glass of water in summers, refrigerators are now a must in our lives.

    Whether you need a double door or a single door fridge, a large or a medium sized one, will depend on your family size.

    Consumer VOICE experts will help you choose the best fridge!

    Reviews

      May 2024– Double Door Refrigerator

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    Reducing Alcohol Consumption in India

    Reducing Alcohol Consumption in India

    by | Apr 27, 2024 | campaigns

    Reducing Alcohol Consumption in India

    In recent years, there has been a continuous increase in per capita alcohol consumption in India. According to a 2018 report by the World Health Organization (WHO), India’s per capita alcohol consumption rose from 2.4 litres in 2005 to 5.7 litres in 2016. This growth can be attributed to factors such as changing demographics, improved living standards, higher incomes, shifting spending habits, and a growing culture of social drinking.

    Educating consumers on responsible drinking is the way forward as it is understood that banning and elimination is not the real solution. The issue of excessive alcohol consumption can be addressed by:

    1) Educating youth in 18 to 22 years age group  by directly engaging with them in professional institutions across the country discussing with them-

    • Physiological and psychological impact of excessive Alcohol consumption
    • Social and family issues arising out of  excessive Alcohol consumption
    • Legal consequences of excessive Alcohol consumption

    2) Sensitise and educate administrators towards taking various possible initiatives to control excessive Alcohol consumption especially among the youth.

    CAMPAIGN UPDATE

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