Super Children Investment Plan: How much inflation is increasing, it is known by going to the markets. The more a person earns, the more he spends. In such a situation, it becomes very difficult to add money for the future, but it is necessary to do financial planning.
At the same time, it becomes very important for the parents to secure the future of the children. In today’s era, from education to marriage, there is a lot of expenditure now. In such a situation, you need to be a little alert so that all further arrangements can be made without any tension.
So again come to this news and tell that if you start investing even 5,000 rupees every month in the name of your child, then by the time he is 20 years old, you can easily create a fund of up to 50,000,00 for him. Can
Earn money from SIP like this
Systematic Investment Plan (SIP) is an investment vehicle that allows an investor to invest a fixed amount in a mutual fund scheme at regular intervals. Please note that SIP returns of Mutual Fund scheme are not fixed unlike RD. These are market linked and hence fluctuate as per the market movements which may affect the estimated returns.
SIP return calculation
The SIP calculator can calculate the future amount of your SIP investment from the compounding principal. The longer you stay invested, the higher your returns. To understand this let us take an example.
If you invest Rs 5,000 monthly for 20 years in SIP with an expected return rate of 12 per cent, you will deposit Rs 12 lakh, but at 12 per cent, you will get Rs 37, 95, 740 as interest. In this scenario, you will have a total amount of Rs 49,95,740 including the amount deposited over 20 years and the interest amount i.e. Rs 50 lakh.
