How does it feel to think of creating a Rs. 1000 crores for your child or grand child – depending on your age?

Well go and start a SIP for say Rs. 30,000 and increase the contribution by 10% every year…and let it go on for the kid for 20/25 years.

Should you open it in your name or the kid’s name?

Well this should be opened in your first name….and then add your son’s name could be added when he is 18 years of age

Don’t worry about what rate of interest you will get. It could be anything from 3% to 21% !!!

https://www.youtube.com/watch?v=U57p2PRV-tE

 

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