Good investment plan for my child education?

[Alok09]

I am 47 years old and having 2 children. Elder one is 12 years old. I am planning for a good investment plan for her for her education for long term. so I can get good returns for my child education?

[PolicyWala]

Keep insurance seprate from investment.
Open an PPF account for them. Buy good equity MF. Invest some money in FD.

[Master]

I am 47 years old and having 2 children. Elder one is 12 years old. I am planning for a good investment plan for her for her education for long term. so I can get good returns for my child education? Can also open a RD in bank and buy some GOLD.