With the birth of daughters, parents start worrying about her education and marriage. With the birth of daughter, parents start investing to save money and for her good future. If you also want to invest in a good place for your daughter’s wedding expenses, you can invest in a mutual fund for this.
Inflation is also rising over time. There are many such mutual fund schemes in the market, by investing in which you can get good investment tips in less time.
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If you want to raise a huge amount like Rs 50 lakh in 7 years, you can invest in a systematic investment plan of a mutual fund. This is a great option for those looking for a good investment with low risk. So let us tell you how you can get a better return by investing in this plan. Here are the tips
How much to invest
Let me tell you that if you want to add 50 lakhs in 7 years, you need to invest at least 40 thousand rupees every month. Let me tell you that Mutual Fund SIP will get 12% return. You get this return in the form of compound interest.
Anxiety about tuition and wedding expenses will go away
Let me tell you that investing in this plan will take away your worries about your daughter’s education and marriage expenses. But, let us tell you that mutual fund investing is based on market risk. In that case, before investing, you should seek the advice of a financial expert. With this, he will be able to understand your needs and tell you better investment options.
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