We start worrying about children's education from a long time ago. In such a situation, many parents start saving for the higher education of their children well in advance. It is worth noting that most of the people like to invest their savings in FD or any small savings scheme. These areas of investment are not subject to market risks, but the returns from here are also not high. In this series, today we are going to tell you about a very special investment option, where you can invest for the education of your children. Here you have to invest in mutual funds. Even though this area of investment is subject to market risks, the chances of getting returns from here are also high. Let us know about it in detail -
If you do not have a better understanding of mutual funds. In such a situation, you can take the help of an expert to choose a better mutual fund scheme. In this series, let us understand the mathematics of investment where you can collect Rs 26.2 lakh by saving Rs 100.
For this, first of all, you have to choose a good mutual fund scheme. After selecting the mutual fund scheme, you will have to save Rs 100 daily and invest Rs 3,000 every month.
You have to make this investment for a full 20 years. During this period, you have to expect that your investment will get an estimated return of 11 percent every year. If this happens, then after 20 years you will be able to collect a total of Rs 26.2 lakh at the time of maturity. You will have to invest Rs 7.2 lakh during the investment period. There will be a wealth gain of Rs 19 lakh on this investment. With this money, you can provide higher education to your children.
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)
