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You can Get around
Rs. 35 lakhs or more |
For your Child’s Foreign/Higher Education
by investing Rs. 2,000 per month each
Give your child a great start in life. By investing as little as Rs. 2,000 per month, and you are likely to accumulate Rs. 35 lakhs by the time your child is ready for higher studies when he or she is of 20 years of age or so.
Create wealth through Systematic Investment Plans (SIP) of top-ranking Mutual Funds growth schemes . Bajaj Capital represents Mutual Funds promoted by State Bank of India, Life Insurance Corporation of India, Prudential ICICI, HDFC, Tata, Reliance, Franklin Templeton, Fidelity etc.Growth calculation chart as under: |
Power of compounding
Rs. 2000 Per month
invested in the
sip
(Systematic investment plan)
of diversified equity
mutual fund
is likely to grow to
Rs. 35 lakh or more as follows |
| 1 |
24000 |
8 |
367848 |
15 |
1463166 |
| 2 |
52320 |
9 |
458061 |
16 |
1750536 |
| 3 |
85738 |
10 |
564511
|
17 |
2089633 |
| 4 |
125170 |
11 |
690123 |
18 |
2489767 |
| 5 |
171701 |
12 |
838346 |
19 |
2961925 |
| 6 |
226607 |
13 |
1013248 |
20 |
3519071 |
| 7 |
291397 |
14 |
1219633 |
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*Calculated at an expected 18% rate of return per annum from equity Mutual Funds in India, though the average return for the last 10 years has been more than 35% per annum in top ranking diversified equity MUtual funds
This is a hypothetical example showing power of compounding and benefit of long term equity investment |
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