Earn ₹7.70 Lakh by Saving Just ₹8.50 a Day – Invest in This Government MF Scheme!

Everyone wants to invest. But not everyone finds the right investment path. Today we will tell you about an investment method where you can save just Rs 8.50 a day and get Rs 7.70 lakh in your hand at maturity. Yes, it is absolutely true. If you are interested in knowing, then definitely read the report till the end.

As I said earlier, investment is not only for adults, but also for young children. Parents should encourage their children to invest in advance to secure their future and inculcate the habit of investing in their children. The scheme that we will discuss today is mainly designed especially for children. Yes, we are talking about SBI or State Bank’s Jannivesh SIP. Let us know the detailed information about this scheme.

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What is this SBI Jannivesh SIP scheme?

Let us tell you that 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.

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As is known, SBI Balance Advantage Fund invests in both equity and debt. And the fund is determined based on market conditions. As a result, the more money you invest here, the more profit you get. The point is, once you invest, a big amount of money will come into your pocket from here.

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Investment can be done from Rs. 250

Needless to say, if you can save just Rs. 250 a month or just Rs. 8 a day and invest in SBI Jannivesh SIP, then you will get a big return in the long term. Yes, you read it right. If you continue to invest here for 30 years, then according to the calculation, you will invest a total of Rs. 90 thousand. In that case, at a rate of 12%, you will get Rs. 7.70 lakh after the maturity. That is, you will earn Rs. 6.80 lakh only from interest.

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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 before you go on the path of investment. Because, we only give tips about investment. We do not force anyone to invest.