Make your child a millionaire in this way – Starting from Rs 1,400 in the name of the child, the investment will be 1 crore before getting the job – Latest News, jobs Updates, Technology Tips and General Information Updates, remain with us avakarnews Please share with your companions this Post.
Most people in the home are worried about their child’s care. But if the parents plan for their children from childhood then they will have a fund of Rs 1 crore in the beginning of their career. From this fund, a child can make his own career as desired. This work can be easily done by starting the savings from Rs. 1,400.
Plan at a glance..
– Starting from 1400 to start saving
– Every year it increases by 15 percent
– It gets 12 percent return
– In 25 years, it will be Rs 1 crore
>>Where to invest: A.K., director of financial advisory firm BPN Fincap. According to the corporation, a good return can be obtained if the investment is made for a long time. Such a good return can be easily obtained in a mutual fund. More than a dozen well-known mutual funds have returned more than 50 per cent in the last one year. In the long run, the fund's return has been better than 12 per cent. If you invest in this good fund, you can easily get a return of up to 12%.
>>How to increase investment: According to Dilip Kumar Gupta, Director, Ansh Financial & Investment, people wonder how small investments can be made. But it is easy to understand. People feel that the investment is too low every month. But there comes a time when investing seems to pay off. After that the fund grows rapidly. The investment in this planning will be more than Rs 1.5 lakh in the 5th year. This investment will increase to more than Rs 5 lakh in the 10th year. In the 15th year after that, the investment has gone up to Rs 16 lakh. In the 20th year, this will increase to more than Rs 42 lakh. In 25 years, this investment will be more than Rs 1 crore.
>>The whole rupee will be tax free: According to Income Tax Advisor Rajiv Tiwari, those who invest in equity mutual funds benefit from long-term capital gains tax. Investments in these funds become completely tax free after 1 year. There is no tax on any of these benefits. – This post sources by www.divyabhaskarnews.co.in
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