Investment Tips: If you want to raise money for the higher education of your children, then this news is especially for you. Today we are going to tell you about a great investment plan, where you can collect a large fund of Rs 47.6 lakh by investing just 7 thousand rupees.
With the help of this money, you can get your children higher education. This money will work to secure the future of your children. In this, you have to invest in mutual fund schemes. Mutual fund investments come under market risks. According to experts, mutual fund schemes give good returns in the long term. If a child has been born in your house recently, then you can start investing for his higher education from now. In this episode, let us know how you can collect a large fund of Rs 47.6 lakh in a few years by investing 7 thousand rupees.
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For this, first of all you have to make a SIP in a good mutual fund scheme. After making a SIP, you have to invest 7 thousand rupees in it every month.
You have to invest this amount of 7 thousand rupees per month for the entire 18 years. During this period, you also have to expect that you get an estimated return of 11 percent annually on your investment.
If the returns are as per your expectations, then you will be able to collect a huge fund of Rs 47.6 lakh at the time of maturity after 18 years. This money will help your children in getting higher education.
Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in it, definitely take advice from experts. If you invest in mutual funds without information, in this situation you may have to face a huge loss. The return on investment made in mutual funds is decided by the behavior of the market.
