Worried about Daughter's marriage?Invest just1000!!!
If you plan and invest then you can easily accomplish your goal. An investment plan is an instrument that is capable of offering high returns for the future and liquidity in the present. So whenever you are saving money keeping your future in mind, then invest wisely. You can invest in mutual funds to earn profits in the future. This is a very good investment formula for the long term. If you want to deposit 30 lakh rupees for your daughter, then for this you can do a monthly SIP of only 1000 rupees.
What is SIP?
SIP is a Systematic Investment Plan. Many mutual fund companies offer this investment option to investors. Under this investment, investors can start monthly by investing a small amount. The duration of SIP is weekly, monthly or quarterly. Generally, people find it easier to invest monthly, so invest monthly.
What is the return in SIP?
Investing in SIP usually gives a profit of up to 12 percent annually. However, if a scheme is good enough, then the investor can get a return of 14.5 percent to 15 percent annually in it. It is known that the return of SIP depends on the stock market as it is equity-linked so there is little risk in it.
How to earn 30 lakh rupees?
If you are doing SIP for a daughter's marriage then start investing Rs 1,000 from the birth of the daughter. Make a SIP of Rs 1,000 every month. By the time your daughter turns 25, you must have invested around Rs 3 lakh. If you get a profit of up to 14.5 percent on this, then you will get a total profit of Rs 26.91 lakh. In this way, Rs 29.91 lakh will be accumulated at the age of 25 for the daughter's marriage.
