If a daughter is born in your house and you are planning to invest in a good scheme to secure her future. In such a situation, this news is especially for you. Today we are going to tell you about a wonderful investment plan, where you can invest in your daughter's name and collect a good amount of funds at the time of maturity. Here you have to invest in a mutual fund scheme. Mutual fund investment is subject to market risks but the chances of getting returns in this area of investment are also quite high. Many people have received good amount of returns from this area of investment. If you also want to collect Rs 33.4 lakh by investing Rs 5 thousand, then today through this news we are going to tell you about the mathematics of investment, with the help of which you can collect such a huge fund.
For this, first of all, you have to select a good mutual fund scheme. If you do not have any good financial knowledge. In such a situation, you can choose a good mutual fund scheme with the help of an expert.
After selecting the mutual fund scheme, SIP has to be made in it. After making SIP, you will have to invest Rs 5,000 every month for 17 years. Over this investment period of 17 years, expect to get an estimated return of 12 percent every year.
If this happens, then after 17 years you will be able to collect Rs 33.4 lakh at the time of maturity. You will have to invest a total of Rs 10.2 lakh during the investment period. There will be a total wealth gain of Rs 23.2 lakh on your investment. You can use the Rs 33.4 lakh received at the time of maturity for your daughter's marriage or you can also use this money for her 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)
