If you are looking for a good scheme to secure the future of your children, from where you can get good returns. In such a situation, today we are going to tell you about mutual funds. Mutual fund investments are subject to market risks regardless. However, the chances of getting returns from here are also good. Many mutual fund schemes have given good returns in the last few years. Many people in the country are now adopting this investment option by taking some risks. From here you can get higher returns than any small savings schemes or fixed deposit schemes. In this series, let us understand the mathematics of investment with the help of which you can collect Rs 34 lakh by investing Rs 5,000.
For this, you have to select a good mutual fund scheme. If you are new, then you can make your SIP in a good mutual fund scheme by taking advice from an expert.
After making SIP, you have to invest five thousand rupees in it every month. You will have to make this investment for a full 18 years. Not only this, you also have to expect that you will get an estimated return of 11 percent every year on your investment.
If this happens. In this situation, you can easily collect Rs 34 lakh at the time of maturity. 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)
