News India Live, Digital Desk: Every parent dreams that their child’s future should be financially secure and prosperous. If you also want to prepare a big fund for your child, then this news is for you. There is a scheme in the world of investment in which if you start investing ₹ 10,000 per month in your child’s name from today, then by the time of retirement age he can have a huge fund of more than ₹ 11 crore. According to the report of Times Bull, to get this magical figure, you just have to start investing at the right time and use the power of compounding. 1. Where to invest? (The Investment Strategy)Mutual Fund SIP (Systematic Investment Plan) is considered to be the most reliable medium to achieve the target of ₹11 crore. In long term investment, mutual funds have given an average annual return of 12% to 15%.2. The Mathematics of ₹10,000 to ₹11 Crore (The Calculation) Let us understand how this ‘Crorepati Formula’ works: Monthly Investment: ₹10,000Expected Annual Return: 15%Investment Period: 35 to 40 years (if started at an early age in the name of the child)Total Fund: If this investment continues for 35 years, then through compounding this amount will be approximately Exceeds ₹11.4 crore.3. ‘Early Start’ is the real key. The biggest benefit of this scheme comes when you start investing soon after the birth of the child. Power of compounding: As time passes, the interest earned on your investment also starts earning interest. Benefit of time: If you delay by 5 years, the same investment of ₹ 10,000 can turn into crores of rupees at maturity. 4. Is it safe?Mutual fund investments are subject to market risks, but data from the last 20-30 years shows that ‘Equity Mutual Funds’ have given the best returns, beating inflation. Experts recommend that investors should choose ‘Diversified Fund’ or ‘Index Fund’. How to start investing? KYC process: To invest in the name of the child, you will have to provide your PAN card and the child’s birth certificate as a guardian. Auto-debit: Set auto-debit to deduct the amount from the bank account on a fixed date every month. Discipline: Continue investing without worrying about market fluctuations.