Parents often begin to feel anxious about their children’s education soon after they are born. In the current climate of increasing inflation, the cost of education has escalated significantly. Many educational institutions now charge substantial fees, often amounting to lakhs of rupees. Therefore, it is advisable to initiate financial planning for your children’s education right from their birth. In this context, we would like to introduce an excellent scheme that allows you to accumulate over Rs 25 lakh in just a few years with a modest monthly investment of Rs 5,000. This can be achieved through a Systematic Investment Plan (SIP) in a mutual fund. While mutual fund investments carry market risks, experts suggest that they can yield favorable long-term returns. Here’s how to proceed:
To build a substantial fund for your children’s higher education, it is essential to consult with a financial expert and establish a SIP in a reputable mutual fund. Once the SIP is set up, you will need to contribute Rs 5,000 each month.
You should maintain this monthly investment of Rs 5,000 for a period of 15 years, while anticipating an annual return of approximately 12% on your investment.
If the returns align with your expectations of 12% per year, after 15 years, you could accumulate around Rs 25,22,880 for your children’s higher education. This amount will enable you to secure admission for your children in a prestigious institution.
Desclimer : For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.
