It is to be noted that mutual fund investments are subject to market risks. The upheaval in the stock market has a direct impact on this area of ​​investment. At the same time, the possibility of getting returns from this area of ​​investment is also very good.

In such a situation, you can get good returns by investing in mutual funds. Many people in the country are investing here. In this episode, let us understand about the math of investment, with the help of which you can collect a fund of Rs 1.1 crore by saving just Rs 333. Let’s know how –

For this, you have to choose a good mutual fund scheme and save Rs 333 every day and invest Rs 10,000 in it every month.

You have to make this investment of Rs 10,000 for the whole 21 years. Apart from this, you have to expect that you get an approximate return of 12 percent every year on your investment.

In this case, after 21 years, you will be able to easily collect an amount of Rs 1.1 crore at the time of maturity. During the investment, you have to invest a total of Rs 25.2 lakh. At the same time, there will be a total return gain of Rs 88.7 lakh on your investment.

Disclaimer: Money invested in Mutual Funds are subject to market risks. Take expert advice before investing in it. If you invest in mutual funds without knowledge. In this situation, you may have to face a big loss. The returns on investments made in mutual funds are determined by the behavior of the market.

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At the same time, there are many benefits of PPF, which people are getting. Public Provident Fund (PPF) is a long term savings scheme supported by the Government of India. A PPF account gives you complete security along with attractive interest rates and tax free returns.

PPF account

An investment of Rs 500 can be made in a PPF account in a financial year. At the same time, a maximum investment of Rs 1.5 lakh can be made in this scheme in a financial year. Most experts still recommend investing in a PPF account as an important component of financial planning as it is one of the safest savings plan options. You can also use it as a savings tool for retirement planning.

Liquidity

It gives you the option of partial liquidity even though your PPF account has a lock-in period of 15 years. You can take advantage of this through partial withdrawals and loans. However, the availability of these loans and withdrawals is subject to certain conditions. At the same time, you can transfer your PPF account from one bank branch to another bank.

Public Provident fund

Whereas the PPF account is operated by the Central Government. There is a complete guarantee in this scheme of the central government. In such a situation, interest is also provided in this scheme by the Central Government. At present, interest is being given by the Central Government at the rate of 7.1 percent in this scheme, which is more than many other schemes. On the other hand, if there is a review of the interest rate in three months and the government can also change it if it wants.

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The government has implemented a scheme for your daughter, so that you can be completely free from the worry of your daughter’s education and marriage. The name of this scheme is Sukanya Samriddhi Yojana. In this scheme you will get 65 lakh rupees on the investment of only 250 rupees. You also get the benefit of compounding in this plan. Let us tell you. about this scheme.

What is Sukanya Samriddhi Yojana?

Sukanya Samriddhi Yojana is a scheme made by the government, this scheme is specially designed for your beloved daughter, in which you can secure the future of your daughter, in this scheme you can open an account with a small amount, in this scheme you By opening an account, you can deposit money little by little in the name of your daughter.

Who can apply

In Sukanya Samriddhi Yojana, the account of a girl child below the age of 10 years can be opened by her parents. In this, you can open an account with an investment of only Rs.250. You can open an account in any bank or post office. In this, you get interest at the rate of 7.6 percent. Only one account can be opened in the name of a girl child. Only 2 girl child accounts can be opened in a household, more than 2 accounts can be opened in twin/triple girl child.

How much interest is being received

The government decides the interest to be received on Sukanya Samriddhi Yojana. In this you get 7.6 percent interest. In this scheme, you can deposit up to a maximum of Rs 1.50 lakh. You can withdraw money from the account only after the daughter completes 18 years or passes 10th standard. In this, you also get exemption in income tax.

How to get 65 lakh rupees If you invest 250 rupees daily in this scheme, then you deposit 12,500 rupees in a month and in a year you invest 22.50 lakh rupees. After 15 years i.e. at the age of 21 years of your daughter’s maturity, you will get 65 lakh rupees. In this, you will get interest of about Rs 41.15 lakh.

Required documents for Sukanya Samriddhi Yojana

1. Identity card of mother and father
2. Aadhaar card of daughter
3. Bank account passbook opened in the name of daughter
4. Passport size photo of daughter
5. Mobile number

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By investing in these schemes, you can accumulate a substantial bank balance for yourself. You also get excellent returns on savings if invested in the right plan. One advantage of investing in government schemes is that people’s money is safe in this. Today we are going to tell you about one such government scheme in which you get many benefits by investing.

One advantage of investing in this scheme is that in this you also get a lump sum amount every month. In such a situation, if there is any kind of financial problem, this money can be very useful for you. Let us tell you about this government scheme.

You have to invest only once

The government scheme we are telling you about is of the post office. You get good interest in the Monthly Income Scheme Account (MIS) of the post office. In this scheme, you can invest a fixed amount at one go. In this scheme, you can earn monthly income in the form of interest every month by investing a lump sum amount once.

The interest rate for January-March 2023 has been fixed at 7.1 percent. However, the government sets the interest rate on a regular basis. The lock-in period for Post Office MIS is 5 years. You can withdraw the invested amount after maturity or reinvest it.

Finance Minister Nirmala Sitharaman announced in her budget speech 2023 that the maximum investment limit in this scheme will be increased from Rs 4.5 lakh to Rs 9 lakh for single account and Rs 15 lakh for joint account. The post office currently shows the past investment limit.

In this way you will get 9 thousand rupees every month

After increasing the investment limit in this post office scheme, Rs 15 lakh can be invested in a joint account. After investing Rs 15 lakh, a monthly income of around Rs 9,000 (Rs 8,875) can be earned as interest. Under this, all the joint holders will have an equal share in the investment.

Interest will be paid on completion of one month from the date of opening in the same manner till maturity. The scheme for a single account will fetch a monthly interest income of Rs 5,325 for a Rs 9 lakh deposit, while a deposit of Rs 15 lakh in a joint account will fetch a monthly interest of Rs 8,875.

These benefits are available in the plan

The good thing in MIS is that even two or three people can open a joint account together. The income received in return of this account is given equally to every member. Joint account can be converted into single account at any time. Single account can also be converted into joint account. To make any kind of change in the account, a joint application has to be given by all the account members.

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