With an investment of just Rs 10,000, you will earn Rs 11 crore. Know the complete details of this super hit government scheme:

News India Live, Digital Desk: Every parent dreams that their child’s future is financially secure and prosperous. If you also want to prepare a big fund for your child, then this news is for you. There is a scheme in the world of investment in which if you start investing money in the name of your child from today. ₹10,000 per month If he starts investing Rs., he will have it till the retirement age. ₹11 crore There could be a huge fund of more than Rs.

According to a Times Bull report, to get this magical figure, all you have to do is start investing at the right time and use the power of compounding.

1. Where to invest? (The Investment Strategy)

The most reliable means to achieve the target of ₹11 crore Mutual Fund SIP (Systematic Investment Plan) Has been considered. In long term investment mutual funds have on average 12% to 15% Has given annual return of Rs.

2. The calculation of ₹10,000 to ₹11 crore

Let us understand how this ‘Crorepati Formula’ works:

Monthly investment: ₹10,000

Estimated Annual Returns: 15%

Investment Period: 35 to 40 years (if starting at an early age in naming the child)

Total Fund: If this investment continues continuously for 35 years, then through compounding this amount will be approximately ₹11.4 crore exceeds.

3. ‘Early Start’ is the real key

The biggest benefit of this scheme comes when you start investing soon after the birth of the child.

Power of Compounding: As time passes, the interest you earn on your investments also starts earning interest.

Benefit of time: If you delay by 5 years, the same ₹10,000 investment can turn into crores of rupees at maturity.

4. Is it safe?

Mutual fund investments are subject to market risks, but data over the last 20-30 years shows that ‘equity mutual funds’ have delivered the best returns, beating inflation. Experts recommend that investors should choose ‘diversified funds’ or ‘index funds’.

How to start investing?

KYC Process: To invest in the name of the child, you will have to provide your PAN card and birth certificate of the child as a guardian.

Auto-Debit: Set auto-debit to deduct amount from bank account on a fixed date every month.

Discipline: Continue investing without worrying about market fluctuations.