If a daughter is born in your house and you are planning to secure her future or save for marriage from now on. In such a situation, you should invest that savings money in some good place. Most of the people in the country prefer to invest their savings in FD or any government savings scheme. The thing to note is that these areas of investment are safe and guaranteed returns are available from here. However, these schemes do not offer such good interest rates. If you want to invest by taking a calculated risk, then mutual funds can be a good option for you. By investing in this scheme, you can collect a good amount of funds after some time. If you also want to collect Rs 99.9 lakh for your daughter, then let us understand the mathematics of investment -
For this, you have to choose a good mutual fund scheme from where you get good returns. You can also choose a good mutual fund scheme by taking the help of an expert. After this, you will have to invest around Rs 10 thousand every month by making SIP in it.
You have to make this investment of Rs 10 thousand for 20 years. Apart from this, you also have to expect that your investment will get an estimated return of 12 percent every year.
In such a situation, you will easily be able to collect Rs 99.9 lakh at the time of maturity after 20 years. With this money, you can marry your daughter. Apart from this, you can also use this money for his studies.
(PC: iStock)
