Take only ₹500 from children's pocket money and invest it here, a huge fund will be accumulated in a few years.

Usually, children either spend their pocket money or put it in a piggy bank. But you should teach them to invest some money in it. This will not only help them learn to invest their savings, but they will also understand its various benefits. If you invest even just ₹500 per month from your pocket money, a good amount can be accumulated in no time.

You must be giving pocket money to children to fulfill their needs. Usually, children either spend this pocket money or keep it in a piggy bank. But you should take a small amount from it and invest it. Start this investment in SBI's Janivesh scheme. This scheme has been launched by SBI Mutual Fund in collaboration with State Bank of India (SBI), in which you can start investing even with just ₹250.

If you invest even 500 rupees from your pocket money in this scheme, then a huge fund will be created in a few years. But you should start this investment in front of the children or get them to do it. In such a situation, when the returns on that investment start coming, the children will understand the value of investment and they will learn to save and invest for the future.

Money is invested in hybrid scheme

Through Jannivesh SIP, the money of the investors is invested in SBI Balanced Advantage Fund. This is a hybrid scheme of SBI Mutual Fund. In Balanced Advantage Fund, the money of the investors is invested dynamically in equity and debt according to the market conditions. The decision of how much money to invest in which asset class at what time is taken completely with the wisdom of the fund manager. Hybrid fund reduces the market risk. Due to this, it is considered a scheme giving balanced returns.

Invest through SBI Yono App

Under Jan Nivesh Scheme, you can start investing through SBI Yono App. In Jan Nivesh Scheme of SBI Mutual Fund, you will get the option of daily, weekly and monthly SIP. You can choose it according to your convenience.

How much return will you get in 5 years

If you invest Rs 500 every month in this scheme for 5 years, then the total investment will be Rs 30,000. According to 12 percent average return, you will get a return of Rs 10,552 in 5 years. In this way, you will have Rs 40,552 in 5 years.

How much return in 10 and 20 years

By depositing Rs 500 per month for 10 years, there will be an investment of Rs 60,000. According to 12 percent, you will get a return of Rs 52,018 and you will have collected Rs 1,12,018. If you continue this for 20 years, the total investment will be Rs 1,20,000. At the rate of 12 percent, the return will be Rs 3,39,929 and in 20 years, a total of Rs 4,59,929 will be collected.

Keep this in mind

Mutual fund schemes are market linked, so returns cannot be guaranteed in it. The average return of SIP is considered to be around 12 percent. Therefore, the calculation here has been done on the basis of 12 percent return. It can be more or less depending on the market conditions.