Friday, January 4, 2013

You can Get around Rs. 35 lakhs or more For your Daughter’s Wedding by investing Rs. 2000 per month

Start investing today to give your little daughter a gala send-off. Byinvesting as little as Rs. 2000 per month, you can hope to accumulate Rs. 35 lakhs by the time your daughter is ready for marriage i.e when she is 20 year old or so.
Create wealth through Systematic Investment Plans (SIP) of top-ranking Mutual Funds. Bajaj Capital represents Mutual Funds growth schemes 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
1240008367848151463166
2523209458061161750536
38573810564511172089633
412517011690123182489767
517170112838346192961925
6226607131013248203519071
7291397141219633  
*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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