Neha Nagar Instagram – My daughter Siya will have 1 Cr rs at the age of 18.
In India education inflation is around 12%, which means school and college fees are doubling every 6 years.That’s why it has become a necessity to Save & Invest money for a child’s future .
So, I opened a 3-in-1 child account in Siya’s name, which has facilities for a bank account, demat account and trading account.
Then we decided that my husband and I will separately save 6500 rupees every month for Siya. (Neha-6500 Deepak-6500 = Total 13000)
And we will invest this amount in India’s index NIFTY50 through Nifty ETF.
Some popular NIFTY 50 ETFs –
1. NIFTY BeES
2. Nifty 50 ETF
3. NIFTY ETF
So by investing 1.56 lakhs every year, we will invest a total of 28 lakhs in 18 years.
And if we take the historical average returns of 12% for NIFTY50, then Siya will have 1 crore rupees at the age of 18.
Also, we will keep increasing the investment amount every year by 10 % ,and by that SIYA will get more that 1 CR at the age of 18.
This will allow Siya to handle expenses such as higher education, travel and marriage herself.
But what if Siya does not use this 1 crore rupees properly ?
To find out the answer to this question, follow @iamnehanagar for the next part. | Posted on 27/Jan/2024 18:29:45
