If a daughter has recently been born in your house. In such a situation, this news is especially for you. After the birth of a daughter, parents start collecting money for her marriage and education. If you have started saving money now to give a new color to your daughter's future. In such a situation, on this auspicious occasion of Diwali, you can invest your savings in a special scheme. Here you have to invest your savings in mutual funds. Mutual fund investment is subject to market risks. However, the chances of getting returns from this area of investment are quite high. In this series, let us understand the mathematics of investment, with the help of which you can invest Rs 4,000 per month and collect a fund of Rs 34.5 lakh for your daughter's marriage or education.
For this, first of all you have to select a good mutual fund scheme and make SIP in it. After making SIP, you have to invest Rs 4 thousand every month in it.
You have to make this investment of Rs 4 thousand per month for full 18 years. At the time of investing, you also have to expect that your investment will get an estimated return of 13 percent every year. In such a situation, you will easily be able to collect Rs 34.5 lakh at the time of maturity.
You will be able to use this money received at the time of maturity for your daughter's marriage or her education. In such a situation, neither will you have to borrow from anyone nor will you need to be financially dependent on anyone for your daughter's marriage and education. You will be able to fulfill all the important purposes related to your daughter with the help of this money.
Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in this, definitely take advice from experts. If you invest in mutual funds without knowledge. In this situation you may have to face a big loss. The returns on investments made in mutual funds are determined by market behavior.
(PC: iStock)
