Mutual Fund SIP For Child Future: If you have recently had a son or daughter and are upset about his or her future. This news is especially for you in this situation. Most of us begin saving early in order to secure our children’s higher education or future. You should invest your savings money properly in today’s market. If you don’t do this, the economy will gradually depreciate your money. As a result, people’s interest in mutual funds, cryptocurrencies, and stock markets has grown in recent years. However, the risk associated with these investment avenues is quite high. A small error can result in a large loss. As a result, you should invest wisely here. Today in this episode, we will discuss mutual fund SIP plans.
If you want to collect 55 lakh rupees by investing 5 thousand rupees, you can do so as well. Choose a good mutual fund SIP scheme and invest Rs 5000 in it every month for the next 18 years.
Aside from that, you should expect to receive an annual return of 15% on your investment. In this case, at the age of 18 years, you will be able to easily deposit a corpus of Rs 55.2 lakh.
You can put this money towards your children’s higher education. Aside from that, you can use this money to start a good startup for your child.
Disclaimer: Mutual fund investments are subject to market risks. Please seek the advice of experts before investing. If you invest in mutual funds without knowing what you’re doing. You may have to accept a significant loss in this situation. The market’s behavior determines the return on investment in mutual funds.
Read More: Knowing these three successful mutual fund SIP formulas, there will never be a loss.
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