Do a SIP of Rs 2000 in the name of daughters, you will get Rs 65 lakh 68 thousand in so many years

If you want to invest for your daughter’s future, Systematic Investment Plan (SIP) can be an effective way. By investing ₹2,000 monthly, you can accumulate a significant amount in the long run.

Investment plan:

Monthly investment amount: ₹2,000

Investment period: 35 years

Annual return rate: 12% (average estimated)

How your investment will grow:

If you invest ₹2,000 every month for 35 years, and get an average annual return of 12% on the investment, then as per the SIP calculator, your total investment amount can be around ₹65,68,000.

Power of investing:

Regular and disciplined investment through SIP can convert into a large sum over time, due to compounding. This can provide a strong financial support for your child’s higher education, marriage or other important expenses.

Important Tips:

Maintain regularity: Consistency in investing is essential.

Take a long-term view: Investing over a long period of time offers greater benefits of compounding.

Seek financial advice: It is advisable to consult a qualified financial advisor before starting to invest.

Thus, through a monthly SIP of ₹2,000, you can lay a strong financial foundation for your daughter’s future.