17/11/2024
Invest in the future of your kids, start a Monthly SIP in equity mutual funds to finance their education, vacations, marriage & emergency requirements.
Broadly, we have a productive or earning period of 30 years from the age of 25-55 yrs and the next 30 years from 55- 85 yes are un-productive years with little or no income.
Therefore , a small saving in terms of SIP of Rs 10,000 pm @ 15 % CAGR for 30 years will create a corpus or wealth of Rs 700 lacs against a staggered total investment of Rs 36 Lacs.
This corpus of Rs 7 crores will be available to meet your financial goals like :
- Buying your sweet home
- Meeting children education expenses
- Funding children marriage expenses
- Going on dream vacations
- Fund your dream car purchase
- Plan retirement income, etc.
This is not possible if you lock your savings in FDs, PPF, Post Office schemes, etc. where the return is around 7-8% per annum against equity mutual funds where you get a return of 15% per annum if you remain invested for a longer period.
Lastly, your investment needs to beat an inflation rate of 6 % pa currently prevailing, which will erode your money value. This is possible only if you choose to invest in equity mutual funds.
Hope, this financial literacy will help you in taking right investment decisions towards attaining financial freedom.
Enjoy your financial journey...
Retire rich and happy...
Good bye for now.
Anil Chaudhry
Whatsapp 9811820846
Financial Consultant