Investment Tips – It is every parent’s dream that their daughter’s wedding should be grand without any financial worries. However, in today’s era, it is very important to prepare in advance for a big expense like marriage. If you do not prepare for it in advance, then you may have to face many financial difficulties at the time of marriage. In this article, today we are going to tell you about mutual fund investment. By investing a little every month in mutual funds, you can save a good amount of money for your daughter’s marriage in the long term.
Suppose you invest Rs 10,000 every month by making a SIP (Systematic Investment Plan) in mutual funds. If you get an average return of 12 percent every year on this, then in 15 years you can raise about Rs 50,45,760. In this way, by making small investments, you can raise a large sum of money at the time of your daughter’s wedding. This money can be very useful at the time of your daughter’s wedding. Due to this, you will not have to depend on any other person financially at the time of your daughter’s wedding.
According to experts, you can get better returns by investing in mutual funds for a long period. The special thing about SIP in mutual funds is that a fixed amount has to be invested every month. The ups and downs of the market affect your investment. In this, you get the benefit of compounding.
In today’s era when the pace of inflation is increasing rapidly, the cost of marriage of daughters has also increased a lot. That is why it is important for you to make financial plans for it in advance.
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