Investment Plan- A small investment will take away worries about your daughter's future, know its complete details
If you are a working person and the father of a daughter, you must be saving for her education and marriage. While most people invest part of their earnings in fixed deposits and small savings schemes, mutual fund schemes have emerged as an attractive option, offering substantial growth potential over time. Today, through this article, we will tell you about a scheme that can help you accumulate a substantial amount of Rs 20.2 lakh by investing only Rs 4,000 per month, let us know about it-
Traditional investment avenues like FDs or small savings schemes may not give optimal returns to secure your daughter's future.
Mutual fund schemes have demonstrated significant returns for investors in recent years.
It is important to understand the mathematics of investing to realize your savings potential.
To start this journey, start a Systematic Investment Plan (SIP) in a reputed mutual fund scheme.
Commit to investing Rs 4,000 every month for 15 years.
With an estimated annual return of 12 percent, your investment can grow to around Rs 20.2 lakh at maturity.
This amount can be used for your daughter's marriage or higher education, providing financial security and mental peace.
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