Investing in your child's future? Try THIS proven SIP formula
Start investing early for your child's future through SIP. Choose plans with good returns. SIP investments offer inflation-beating returns.
FollowSIP Investment for Child's Future
Parents worry about their child's future. Investing early for their future is wise. Choose a plan with good returns. SIP investments offer inflation-beating returns.
21x10x12 SIP Investment Formula
SIP invests in mutual funds. While market-linked, long-term SIPs offer good returns, unmatched by other small savings schemes. Learn the 21x10x12 formula to make your child a millionaire by 21.
SIP Investment Plan
The 21x10x12 formula: Invest in mutual funds via SIP from birth for 21 years. 10 represents Rs. 10,000 monthly SIP. 12 represents the average expected return.
SIP for Child's Future
With this formula, a Rs. 10,000 monthly SIP for 21 years totals Rs. 25,20,000. At a 12% average SIP return, you get Rs. 88,66,742 as interest.
SIP Investment in Mutual Funds
After 21 years, the total becomes Rs. 1,13,86,742. Your child becomes a millionaire by 21. This secures their future. (Disclaimer: Mutual funds are subject to market risks. Read all scheme related documents carefully.)
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