If you are dreaming of making your children doctors, then this news is especially for you. Medical education has become very expensive in the country today. Whether you want to study medicine in government colleges or private colleges, medical education has become so expensive today that you have to sell your farm and even after that there is a shortage of money. Today we are going to tell you about a great mathematics of investment, with the help of which you can fulfill your dream of making your children doctors. In this, you have to invest by making a SIP in a good mutual fund scheme. In this episode, let us understand the mathematics of investment with the help of which you can collect 69.7 lakhs for the medical education of children in ten years.
For this, first of all you have to select a good mutual fund scheme and make a SIP in it. You can also get your SIP made in any mutual fund scheme by taking advice from an expert.
After making a SIP, you will have to invest Rs 30,000 every month for a full ten years. During the investment period, you have to expect that your investment will get an estimated return of 12 percent annually.
In this situation, you will be able to collect about Rs 69.7 lakh at the time of maturity after ten years. With the help of this money, you can easily complete the medical education of your children.
Disclaimer: The money invested in mutual funds is subject to market risks. Before investing in it, take the advice of experts. If you invest in mutual funds without information. In this situation, you may have to face a big loss. The return on investment made in mutual funds is determined by the behavior of the market.
(PC: ISTOCK)
