Ever since the birth of their children, parents are very concerned about their higher education. In such a situation, after the birth of their children, parents start saving some money for their higher education. Whereas if you invest your savings in a good place. In such a situation, you get good returns on them. According to experts, for long-term investment you should invest in mutual funds. This medium of investment has given good returns to many investors over the years. In such a situation, you can invest your savings in a good mutual fund scheme. By investing here you can collect a good amount of money to secure the future of your children. In this series, let us understand the mathematics of investment with the help of which one can accumulate Rs 20 lakh by saving Rs 2 thousand.
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 2,000 every month.
You have to make this investment of Rs 2 thousand per month for 20 years. During this period, you should also expect to get an estimated return of 12 percent annually on your investment. In such a situation, you can easily collect Rs 20 lakh at the time of maturity.
If a child has recently been born in your house. In such a situation, you can start investing in this scheme. The money you will receive at the time of maturity. You can use them to secure the future of your children.
(PC: iStock)
