After the birth of a daughter, we all start saving to secure her future. It is worth noting that due to lack of information, we are not able to invest this savings money in any good place. In such a situation, we do not get good returns on our savings. If a daughter has recently been born in your house. In such a situation, you can start investing by making SIP in a mutual fund in his name. Mutual funds are a good option for investment. The chances of getting returns through this medium are good. Many people in the country are investing in mutual funds. Many mutual fund schemes have given good returns in the past years. In this series, let us understand the mathematics of investment with the help of which you can save Rs 5,000 and collect Rs 38 lakh for your daughter.
For this, you have to choose a good mutual fund scheme and make SIP in it. To make a SIP, you have to invest Rs 5,000 every month.
You have to invest five thousand rupees for the full 18 years. During this period, you should expect to get an estimated return of 12 percent every year on your investment.
In this case, after 18 years you will have a total of Rs 38.3 lakh. With this money, you can marry your daughter. Apart from this, you can also use this money for your daughter's higher education.
Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in this, 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)
