8 minutes agoAuthor: Shashank Shukla
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Childhood Give me anything on the day of Rakhi, like chocolate, clip or colorful pencil, a smile on her face. However, now the time has changed a bit. Now the gift has become not just a pleasure, the identity of understanding and responsibility.
In this era of inflation, if you give something to your sister that works in her future, then that gift can become really special. Think, the beginning of a small investment or savings, which becomes a big support for him in the coming times.
So this time, not just showing things, gift something that makes his financial health strong.
Today we ‘Your money‘We will talk about this in the column and learn about financial gift ideas, which can become a support system for sister.
Question- If you save 50 rupees daily for sister, then how much money will you make in 20 years?
answer- We have all heard that the pitcher fills with drop. In such a situation, if we save 50 rupees every day for our sister, then we can save 18,250 rupees in a year. At the same time, you can save Rs 3,65,000 in 20 years.
However, if this amount is invested through RD or in equity mutual funds, then it can be more via compounding. Let us understand it through graphic.
Question- If you save 100 rupees daily for sister, then how much money will you make in 20 years?
answer- If your budget is slightly more then you can also save 100 rupees every day for your sister. If you save 100 rupees every day, you can save 1,82,500 rupees in 5 years. On the other hand, if you save for 10 years, then you can save Rs 3,65,00.
However, if you invest through RD or invest through SIP mutual funds, you will get the benefit of compounding. Let us understand it through graphic.
Question- If you save 500 rupees daily for sister, then how much money will be made in how many years?
answer- If your income is good and your budget is so strong that you can save 500 rupees every day for your sister, then in the coming years you can prepare a big fund for your sister.
This saving will provide financial freedom to your sister along with providing protection in future. In such a situation, the economic anxiety of the future can be free.
Question- What is RD? How much returns are available in it and where can it be invested?
answer- RD (Recurring Deposit) is an investment plan, in which you can invest by paying a little money. It is also like SIP. However, it does not have a market risk and you get a certain return.
You can get it done by your bank or any NBFC (Non Banking Financial Company). Or if you want, you can also get RD from the post office.
In this, you can get an interest rate from 5% to 8%. For more information, you can get information from the agent of the nearest bank, post office or NBFC company or by going to office.
Question- What is equity SIP? How much returns are available in it and how can it be invested?
answer- Equity SIP (Systematic Investment Plan) is an investment method in which the investor invests a fixed amount in mutual funds connected to the stock market every month. In this, money is invested in funds that invest in shares of different companies.
Although it is risk due to being connected to the stock market, it can give good returns in a long time. On average, equity SIP can get 10% to 15% annual compound returns, although it is not guaranteed.
Return may be more or less due to market fluctuations. To invest in equity SIP, you can use mutual fund website, mobile app, or investment platforms like Zirodha, Grow, Paytm Money, Angel etc.
After completing the KYC process, you can start the SIP by fixing the amount of the month. It is considered a disciplined and smart way of investment. However, before any investment, consult your financial advisor.
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Rakshabandhan is not just a custom, but a symbol of brother-sister’s love, trust and support. There are many historical and religious stories behind this festival, the most popular stories are of the Mahabharata period. Read full news
