After the birth of the daughter, parents start worrying about her marriage or education. In such a situation, they start saving some part of their income for the daughter's marriage or education in advance. If you are also saving money for your daughter's marriage or her higher education, then this news is especially for you. Today we are going to tell you about a great investment plan, where you can collect a big fund of Rs 25.22 lakh in a few years by investing just 5 thousand rupees. In this, you have to invest in a mutual fund scheme. According to experts, if you are investing in a mutual fund scheme for a long period of time, then you can get good returns from here. In this episode, let us understand how you can raise Rs 25.22 lakh by investing just five thousand rupees?
For this, first of all you have to get your SIP made in a good mutual fund scheme by taking advice from an expert. After making a SIP, you have to invest five thousand rupees every month in it.
You have to make this investment of five thousand rupees per month for the entire 15 years. During the investment period, you have to expect that your investment will get an estimated return of 12 percent every year.
If the return is as per your expectations. In such a situation, after 15 years, at the time of maturity, you will have Rs 25,22,880. With the help of this money, you can get your daughter married. Apart from this, you can also use this money to get your daughter higher education.
Disclaimer: The money invested in mutual funds is subject to market risks. Before investing in it, definitely take advice from experts. If you invest in mutual funds without information. In this situation, you may have to face a big loss. The return on investment made in mutual funds is determined by the behavior of the market.
(PC: Adobe stock)