Mutual funds are being liked a lot these days. You can invest money in it through SIP. By investing in mutual funds through SIP for a long time, you can earn a lot of profit.
SIP Investment Tips: When you become the father of a daughter, then everything from education to marriage starts troubling you. The way to deal with them is that you start financial planning with the birth of a daughter. In today’s time, there are many such schemes which give good returns. Especially Mutual Fund is being liked a lot these days. You can invest money in it through SIP. In this you get the benefit of compounding. By investing in mutual funds through SIP for a long time, you can earn a lot of profit.
In this case, financial expert Deepti Bhargava says that SIP is a market-linked plan, so there can be no talk of guaranteed returns in it. But if its returns are compared with all other schemes, then its returns have been seen to be up to 12% on an average. You do not get this much return in any other scheme. Due to getting compounding interest, when you invest in it for a long time, you earn a lot of profit.
SIP of ₹ 5100 can make a fund of 50 lakhs
If you are worried about your daughter’s future, then start a SIP of at least Rs 5100 from her birth and continue it for at least 20 years. According to SIP Calculator, you will invest a total of Rs 12,24,000 in 20 years. But in 20 years, you will get an interest of Rs 38,71,654, which is three times more than your investment. You will get Rs 50,95,654 on maturity. In this way, when your daughter will be 20 years old, then you will have a good amount to meet all her expenses and needs.
If you continue this SIP for 5 more years i.e. for 25 years, then your total investment will be Rs 15,30,000, but you will get many times more returns. On this you will get Rs 81,47,939 only as interest. Whereas on maturity you will get a total of Rs 96,77,939.
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