SIP Calculator: Need money for daughter's education? This SIP investment formula can help you generate Rs 1 crore
SIP Calculator: In the era of woman empowerment, everyone wants to educate their daughter. But quality education in India is costly, and one spends a good amount on their daughter's education. However, a long-term investment in mutual funds through a systematic investment plan (SIP) can help you build a huge fund for your daughter's education. If you stick to Rs 20,000 SIP investment a month for some years, you can generate a fund as high as Rs 1 crore. Know the calculation.
If you continue your investment for the next 10 years, the returns will grow much faster because of compound interest. Photo: File/Representational