Daughter Future Investment Plan: There has been a huge fall in the prices of silver amid the war environment. In the last 35 days, silver has fallen by ₹42,000 to ₹2.25 lakh. Know how by investing just ₹ 500 every month in Silver ETF, you can prepare a fund worth lakhs for your daughter’s marriage.
Silver ETF Investment: If you have a little angel in your house and you are worried about the huge expenses of her wedding, then today is no less than a lottery for you. The ongoing war between America, Israel and Iran may have scared the world, but it has given a golden opportunity to middle class families in India to buy silver. Today, on April 2, there has been a huge fall in silver prices by more than ₹ 15,000. Let us understand how you can create a big fund for your daughter by saving just ₹500.
Silver becomes cheaper by ₹ 42,000 in 35 days
Silver prices are continuously falling. According to IBJA, today on April 2, silver has fallen by more than ₹ 15,000 to ₹ 2.25 lakh per kg, which was at ₹ 2.40 lakh a week ago. In the last 35 days, silver has become cheaper by ₹ 42,000.
What is Silver ETF and why is it best?
Often we buy silver bricks or jewelery and keep them in the locker, but there are three big fears in it. Fear of theft, fear of adulteration and huge making charges paid to the goldsmith. This is where Silver ETF (Exchange Traded Fund) comes in handy. You can also call it ‘digital silver’. In this you get guarantee of purity i.e. you get 100% pure silver prices. There is no making charge. There would be no hassle of getting the jewelery made, nor the pain of paying extra money. You can also deposit only ₹500 every month as per your convenience. It is also easy to sell. When your daughter gets married, you can sell it with just one click and use that money to get latest design jewellery.
How much fund will be created by investing ₹500 in Silver ETF?
Suppose your daughter is just 2 years old and you have to marry her after 20 years. If you take advantage of today’s huge fall and invest ₹ 500 every month in a silver ETF, the investment for the year will be ₹ 6,000. The deposit in 20 years will be ₹1.20 lakh. Now if the expected return on this is 15%, then according to the SIP calculator, after 20 years your total fund will be ₹ 7,57,977, out of which the return alone can be ₹ 6,37,977. If you want to make this fund bigger, when silver is so cheap, you can put ₹1,000 or even ₹2,000 instead of ₹500 to get more units.
How to start investing in Silver ETFs?
- Investing in silver ETFs is quite easy.
- Open any broking app like Angel One, Zerodha or UPI app in your mobile.
- Go to search and type Silver ETF.
- Select the fund of your choice and click on SIP or Buy.
- Now digital purchase of silver in your daughter’s name has started.
Disclaimer: This article has been written only for the purpose of providing general information. The investment related information, figures and examples given here are for illustrative purposes only and should not be considered as investment advice. Before investing money in Silver ETF or any investment, understand your financial goals, risk appetite and market conditions. Investing in the market is subject to risks. Before making any investment, definitely consult your financial advisor.
Read this also- People came out to buy gold and silver! Big fall of silver by ₹13,640, check rates from Delhi to Patna now
Read this also- Gold Price Today: How much gold can you buy today for ₹50,000? know the full account