After the birth of a daughter, parents start worrying about her marriage and education. In such a situation, parents start saving some money for this. Many people invest their savings in FD or any small savings scheme. It is worth noting that there is no risk of market risks in this area of investment. However, returns from here are also limited. If you want to get good returns on your savings money. In such a situation, you can invest in a mutual fund scheme. Mutual fund investment is subject to market risks. However, according to experts, investors get good returns from here in the long term. In this episode, let us know how you can collect Rs 34 lakh by investing Rs 5,000 for your daughter's marriage.
For this, first of all, you have to make your SIP in a good mutual fund scheme by taking the advice of an expert. After making SIP, you have to invest five thousand rupees every month.
You will have to make this investment of Rs 5,000 per month for 18 years. During the investment period, you can expect to get an expected return of 11 percent every year on your investment.
If the returns are as per your expectations. In such a situation, at the time of maturity after 18 years, you will have Rs 34 lakh. With the help of this money, you can get your daughter married.
Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in this, definitely 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)
