SIP Investment: In the current situation of increasing inflation, the cost of education has surged significantly. Many educational institutions are now charging students substantial fees, often amounting to lakhs of rupees.
It is necessary to do some financial planning for your child’s future
Therefore, it is advisable to begin financial planning for your children’s education as soon as they are born. Today, we will discuss an excellent investment strategy that allows you to accumulate over Rs 25 lakh in just a few years with a modest monthly investment of Rs 5,000.
SIP investment plan plan of Rs 5,000 per month
This involves setting up a Systematic Investment Plan (SIP) in a mutual fund. It is important to note that mutual fund investments carry market risks. To effectively build a substantial fund for your children’s higher education, seeking guidance from a financial expert is essential, along with selecting a reputable mutual fund scheme for your SIP.
SIP calculation for 15 years of investment
By committing to invest Rs 5,000 each month for a period of 15 years, and assuming an expected annual return of 12%, you could potentially accumulate approximately Rs 25,22,880 for your children’s education after 15 years. This amount can facilitate their admission to a prestigious institution.
Note: mutual funds are subject to market risks
However, remember that investments in mutual funds are subject to market fluctuations. It is crucial to consult with professionals before making any investment decisions, as uninformed investments can lead to significant losses. The returns on mutual fund investments are influenced by market conditions.
Disclaimer : For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.