Investment scheme: Save just Rs 8.5 per day and get Rs 7.70 lakh on maturity, check scheme details

Today, we’re going to tell you about an investment scheme specifically designed for children. We’re talking about SBI’s JanNivesh SIP. Let’s find out.

Investment scheme: Investing isn’t just for adults, but for young children as well. Every parent should educate and explain the importance of investing to their children and encourage them to invest. Every parent should instill the habit of investing in their children. Today, we’re going to tell you about an investment scheme specifically designed for children. We’re talking about SBI’s JanNivesh SIP. Let’s find out.

SBI’s JanNivesh SIP is a unique scheme. Children can start investing in this scheme with just ₹250 per month. The money invested in the SBI JanNivesh SIP is invested in the SBI Balanced Advantage Fund, a hybrid fund.

What is the SBI Balanced Advantage Fund?

The SBI Balanced Advantage Fund is a hybrid fund. This fund invests in both equity and debt. The fund manager determines where investing more money is most beneficial based on market conditions.

Returns from a ₹250 SIP in the SBI JanNivesh SIP

If you save ₹250 every month, or approximately ₹8 per day, and invest in the SBI JanNivesh SIP, you will earn significant returns over the long term and accumulate a substantial corpus. If you continue investing here for 30 years, you will invest a total of ₹90,000. At 12%, you will receive a total of Rs 7.70 lakh upon maturity, or a total profit of Rs 6.80 lakh.

It’s important to note that this is a stock market-linked scheme. Therefore, the long-term return may be higher or lower than 12%, but you will benefit from compounding over time.

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