Making daughter a millionaire is not difficult. Just need to start Saving from Rs 1100. After this, the increase of 17% every year. If this is done, then the daughter can comfortably become a millionaire. The biggest advantage of investing in this scheme is that the full amount available will be tax-free. If this 1 crore rupee is invested in a bank or a post office, then the daughter will continue to have an income of Rs 50,000 per month.
How long will it take
According to AK Annu, the director of Financial Advisor firm BPN Finkap, if the investment is started for the daughter when she is born, then the investment will make her a millionaire in 25 years. But here it is necessary to keep in mind that the investment should be maintained continuously. Nor should it be stopped in the middle and not the investment to be increased every year. If these two things are taken care of, then the plan will be ready for the daughter with a corpus of Rs one crore.
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