Mutual Fund: In this era of inflation, the future of children is becoming safe from how difficult is becoming safe. The burden of expenses from their studies to marriage is on your shoulders. In such a situation, it is almost impossible for them to save additional deposits. Therefore, we will tell you about a trick in which you just have to invest money once and then your daughter will be financially secure before completing 30 years.
In this trick, you do not need to manage money by yourself. Someone else will do this work for you too. You just have to put 5 lakh rupees in the name of your daughter once and after that it will be a fund of more than 1 crore rupees in the next 27 years. We are talking about investing in mutual funds.
How to become 1 crore
You should invest in a mutual fund of Rs 5 lakh at a time. For this, you can consult a certified and experienced investment advisor which fund will be right for you in terms of your goal. Choose a fund that has an average annual return average of 12 per cent or more. Now suppose that if you put money in a fund giving 12 % annual returns, then in the next 27 years, how much fund will be deposited in the next 27 years.
How much will the total fund be done
You invested 5 lakh rupees at a time. You are getting an annual return of 12 percent on this. In 27 years your total return will be Rs 1,01,62,440. That is, your investment of Rs 5 lakh and returns on it of Rs 1,01,62,440. The total deposit fund in 27 years will be Rs 1,06,62,440. Every year the RBI tries to keep inflation within 6 percent and it remains below 8-10 percent even if the situation worsens. In such a situation, if you submit your fund with a return of 12 percent, then you can also protect your daughter’s financial future by defeating inflation.
