Everyone wants to invest, but not everyone finds the right investment path. Today, we will tell you about an investment plan where you can save just ₹8.50 per day and get ₹7.70 lakh at maturity. Yes, this is true. If you want to know more, read this report till the end.
As we said earlier, investment is not only for adults but also for young children. Parents should encourage their children to invest early to secure their future and build the habit of saving. The scheme we are talking about today is mainly designed for children. Yes, we are talking about SBI’s Jannivesh SIP. Now let’s know the full details of this scheme.
What is this SBI Jannivesh SIP scheme?
Let us tell you, State Bank’s Jannivesh SIP scheme is one of the best investment options for children. Here, you can invest for just Rs 250 per month. And the money invested in this scheme is deposited in SBI Balance Advantage Fund, which is a hybrid fund.
As it is known, SBI Balance Advantage Fund invests in both equity and debt. And it determines the fund based on the market conditions. As a result, the more money you invest here, the more profit you get. The point is, once you can invest, a big amount of money will come into your pocket from here.
Investment can be done from Rs 250
Needless to say, if you can invest in SBI Jannivesh SIP by saving just Rs 250 per month or just Rs 8 per day, then you will get a big amount of money in the long run. Yes, you read that right. If you continue to invest here for 30 years, then according to the calculation, you will invest a total of 90 thousand taka. In that case, after the maturity at a rate of 12%, you will get 7.70 lakh taka. That is, you will earn 6.80 lakh taka only from interest.
In this case, let us say that this is a stock market linked scheme. So the long-term return may be more than 12%, it may be less. It all depends on the market. Over time, your fund will basically grow through compounding. But of course, you should take the advice of experts when walking on the path of investment. Because, we only give tips about investment. We do not force anyone to invest.