Deposit 5000 rupees in the name of your child, when he becomes an adult he will get 30 lakh, find out how

Children’s education has become very expensive nowadays and it may become more expensive in the future. So today we will show you a great way to secure your child’s future.

Work news for parents
Secure the child’s future by depositing Rs. 5000
Your child will get 30 lakh as soon as he becomes an adult
It is now imperative for parents to start saving and investing in advance for their children’s education and other expenses. If you are also planning an investment for your child’s future, child mutual funds can be a great option for fundraising. So find out about this scheme.

Special mutual fund for children

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Let me tell you that there are many fund houses for children. Which is typically offered by mutual funds. These include children’s plans like HDFC, SBI, Axis Bank, ICICI Prudential, Tata and UTI. It has received an annual return of 12 to 15 per cent in the last 15 to 20 years. Parents can also get higher returns by investing in other mutual funds. If you are doing an SIP in the name of your children, keep in mind that the investment target should be at least 15 years.

HDFC Children’s Gift Fund

The HDFC Children’s Gift Fund was launched on March 2, 2001. It has a return of 16.12% since its launch. The value of a monthly SIP of Rs 5,000 becomes Rs 30 lakh in 15 years.

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ICICI Prudential Child Care Fund

The ICICI Prudential Child Care Fund was launched on 31 August 2001. It has returned 15.48 per cent since its launch. Of this, a monthly SIP of Rs 5,000 is valued at Rs 24 lakh in 15 years.

SBI Magnum Children Benefit Fund

SBI Magnum Children Benefit Fund was launched on February 21, 2002. It has returned 10.36 per cent since its inception. The value of a monthly SIP of Rs 5,000 in this fund goes up to Rs 20 lakh in 15 years.