So flipping such a large amount in total is a bit difficult. So if you want to add jewels to your child’s future, if you invest 1000 rupees monthly in SIP mode in mutual fund schemes, you will get a profit of up to 70,000 rupees in 3 years.
Aditya Birla Sun Life Medium Term Plan SIP by Aditya Birla Sun Life Mutual Fund has returned over 40% on its investments in the last one year.
Aditya Birla Sun Life Medium Term Plan:
This type of mutual fund belongs to the category of debt fund. The minimum SIP investment amount for this fund is Rs.1000. This fund is rated as a savings scheme with low market risks and high returns.
If you have invested Rs.1000 in this fund since last year and 40% profit at the end of one year, today you will have got Rs.16,800 (Rs.4,800 profit).
If you invest Rs.1000 per month continuously for 3 years in this fund, you can definitely buy gold jewelry.
Disclaimer: Mutual fund schemes are subject to market risks. Consult your advisor before investing and invest at your own discretion.