Do this work as soon as your child is born, you will become a millionaire by the age of 18, know the secret!

Every parent wants to leave good fortune for their child in the future. For this he works hard with all his heart. But, if we say that there are some ways in the mutual fund market, with the help of which you can easily make your child a millionaire, then what would you say? Let us tell you about it in detail in today’s news.

miracle of mutual fund

There are many such funds in the mutual fund market, which have been prepared keeping in mind the future of children. If you are going to become a parent or have already become one, then you can improve the future of your child by investing in these schemes. Most importantly, you can invest in these schemes in both lump sum and SIP mode. That means, even if you have a lot of money at once, you can invest in it and if you want to invest a little money in it every month, you can do that too. Now let us explain its mathematics to you.

How will a child become a millionaire?

Suppose your child is one year old today and you have decided that from this year onwards you will invest Rs 10,000 per month for your child’s future. There are many child fund SIPs in the mutual fund market in which you can invest. Let us explain to you according to HDFC Children Gift Fund.

HDFC Children’s Gift Fund was launched in the year 2001. Since then it has given 20 percent annual returns. Now if you deposit Rs 10,000 per month in this scheme after the birth of your child, it becomes Rs 1.55 crore in 20 years. The best thing is that you can invest even Rs 500 per month in this scheme.

Similarly, the annual return of ICICI Prudential Child Care Fund has also been 15.90 percent. That means, if you invest Rs 10,000 annually in this scheme for your child, then when your child turns 20, Rs 1.22 crore will be deposited in his name. You can also invest Rs 100 in this scheme.

Tata Young Citizen Fund also has similar returns. If you invest Rs 10,000 every year in this scheme in the name of your child for 20 years, then after 20 years Rs 1.02 crore will be deposited in the name of your child. Let us tell you, Tata Young Citizen Fund was started in 1995 and has given an annual return of 13.20 percent to its investors.