Invest in this plan, the child will become a millionaire as soon as he reaches the age of employment
Invest in this plan, the child will become a millionaire as soon as he reaches the age of employment
Inflation is so rampant these days that every parent is particularly concerned about their child's future. If you do not invest in your child's future from now on, you will later run out of money for your child's education and marriage. So from now on you can invest in mutual funds exclusively with your child's future in mind. By investing in this mutual fund plan, a child will become a millionaire by the age of 18. So let us know what is a plan and how you can invest in it.
Invest for the child's future
There are several benefits to investing in this special mutual fund plan
Your child will become a millionaire by the age of 18
An investment in a mutual fund for a child can be started with your child's single name. The name of the parent is essential in such an investment. In order to invest in a mutual fund in the name of the child, it is necessary to have a birth certificate of the child. The child's or father's Aadhaar card must also be provided. She will also need other documents from her father.
➩ This is a special plan that will help you
Systematic investment plans are the most popular means of investing in mutual funds. Making a systematic investment in the name of children may prove to be the most beneficial. When your child turns 18 you will get all the money back and it will be in the child's name. And this money will be very useful for the child's study as well as their marriage.
➩ At the age of 18 a child will become a millionaire.
If you want your child to become a millionaire by the age of 18, start investing from the time the child is born. As soon as the baby is born, you have to start investing Rs 5,000 in your baby's name. As well as continue to increase this investment by 15 per cent every year. Remember that even if you get 12% return on this investment every year, your child will become a millionaire by the time he reaches 18 years of age.
➩ Note: - The return on investment of mutual funds is based on the stock market, if the stock market goes up, you will get higher return on your mutual funds. If the stock market goes down, your return on investment will be lower. You can get the best return on a long term investment in a mutual fund. Also, investing in mutual funds does not make you rich in the short run but investing for a long time as well as keeping your returns in it for a long time gives you more returns and you can become rich. In short there is no shortcut to getting rich you have to give your investment time.
➩ Click here to read this article in Gujarati.
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