Whenever we see our daughter laughing and playing, only one thought comes to our mind – may all her dreams come true! We want him to study hard, do work of his choice and not depend on anyone in life. But in today’s inflation, as easy as it is to think, it is equally difficult to accomplish.
But what if we say that you can lay the foundation for your daughter’s future by saving just ₹ 1000 every month from today? Yes, it is possible and the way is SIP (Systematic Investment Plan).
SIP is not rocket science, it is the piggy bank of today’s time
Just consider SIP as a smart piggy bank, in which you deposit a fixed amount every month as per your convenience (like ₹ 1000). This money does not remain lying at one place, but keeps increasing gradually. This is one of the simplest and most effective ways to add money for your daughter’s education, marriage or any big dream of hers. In this you do not have to invest a huge amount at once, hence there is no burden on the common family.
Can ₹1000 really turn into lakhs of rupees?
Now you must be wondering what will happen with thousand rupees a month? This is where the magic of SIP lies, which is called compoundingThis means that you get earnings not only on the money you deposit, but also on the earnings earned on that money,
Suppose, you start a SIP of ₹ 1000 per month for your little angel right from her birth. Even if we assume an average market return of around 12% per annum, this small investment will grow into a huge investment at the age of 18 when he will need money for college. Approximately ₹7.6 lakh A fund of Rs. will have been formed. If the returns were slightly better (15%), then the same amount 11 lakh rupees Can also reach.
This is not a sure promise as the market fluctuates a bit, but SIPs tend to yield great results in the long run.
But is it safe to invest money in it?
This question comes in the mind of every parent. See, SIP money is invested in the stock market through mutual funds, so there is some risk. But don’t panic! When you invest for a long time like 15-20 years, the impact of small market fluctuations is almost eliminated.
Think of it like you plant a small plant. In the beginning it has to be protected from sunlight and water, but within a few years it becomes a strong tree which even storms cannot shake. SIP also becomes such a strong tree in the long run.
SIP in daughter’s name: Not just an investment, it is also a peace of mind
When you invest in your daughter’s name, it is not just about saving money.
- This gives peace of mind to secure his future.
- It inculcates a good habit of saving in you.
- This saves you from the burden of debt for his studies or marriage.
- This is the assurance given by a father to his daughter that “Papa is there!”
You can calculate it yourself
If you want, on the internet SIP Calculator You can search and see for yourself. Just put these three things in it:
- Monthly amount (eg: Rs 1000)
- For how many years (eg: 18 years)
- Estimated return (eg: 12%)
You will immediately realize how big your small investment can turn into.
When to start? From today, right now!
There is no auspicious time to start SIP. The best day is today. The earlier you start, the more time your money has to grow. Whether the daughter is young or old, it can be started anytime. It’s better to start small than be late.
Keep some important things in mind
- Be regular: Try not to stop SIP midway, no matter what the market is like.
- Be patient: This is not a get rich overnight scheme, it is a reliable path to gradually achieving your dreams.
- Don’t panic: If the market falls, do not withdraw your money out of fear. Everything works out fine in the long run.
This small effort of yours of ₹ 1000 per month can give your daughter the biggest gift of a self-reliant and strong future tomorrow.
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