If you want to raise money for your children's 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 47.6 lakh by investing just 7 thousand rupees. With the help of this money, you can get your children higher education. This money will work to secure the future of your children. In this, you have to invest in a mutual fund scheme. Mutual fund investments come under market risks. According to experts, mutual fund schemes give good returns in the long term. If a child has been born in your house recently, then you can start investing in his higher education now. In this episode, let us know how you can collect a big fund of Rs 47.6 lakh in a few years by investing 7 thousand rupees.
For this, first of all, you have to make a SIP in a good mutual fund scheme. After creating a SIP, you have to invest 7 thousand rupees every month in it.
You have to invest this 7 thousand rupees per month for the entire 18 years. During this time, you also have to expect that your investment will get an estimated return of 11 percent annually.
If the return is as per your expectations. In this situation, you will be able to collect a large fund of Rs 47.6 lakh at the time of maturity after 18 years. This money will help your children in getting higher education.
(PC: ISTOCK)
