SIP Calculation: Invest only Rs 1000 monthly, you will get more than Rs 2 crore profit; see complete calculation
Investment Plan: The advantage of investing in the long term is because, through compounding, a hefty return can be earned. If you also want to make a safe investment for the future, then you can start your investment.
Investment Plan: If you want to become a millionaire, then you will have to invest some money. There is no product or instrument to be purchased in this. Neither have to invest in the stock market. SIP is one such tool, through which the goal of becoming a millionaire in the long term can be achieved. The advantage of investing in the long term is because, it can earn huge returns through compounding. If you also want to make a safe investment for the future, then you can start your investment. It is good only when the investment is started.
Saving one thousand rupees every month
You can build a big fund with regular small investments. Here we will tell you how you can make a large fund with small investment. Here we tell you about the plan of 1000 rupees per month. Saving one thousand rupees every month is not a big deal.
Getting bumper returns on SIP
You can invest in mutual funds. With a SIP of 1000 rupees, you can travel till you become a millionaire. Let us know how a fund of 2 crores will be prepared from 1000 rupees? You have to invest 1000 rupees every month in mutual funds. If we look at the last few years, many mutual funds have given returns of up to 20 percent or more.
Invest for 20 years
1000 rupees will have to be invested every month. By depositing this amount for 20 years, you deposit a total of 2.4 lakh rupees. In 20 years, your fund will increase to 15 lakh 16 thousand rupees at the return of 15 percent annually. Talking about 20 percent annual return, then this fund will increase to Rs 31.61 lakh.
Will get more than Rs 2 crore on 30 years investment
If you invest 1000 rupees every month, then with an annual return of 20 percent, you will get a corpus of Rs 86.27 lakh on maturity. If this period is 30 years, then with the return of 20 percent, your fund of Rs 2 crore 33 lakh 60 thousand will be ready. Investors get the benefit of compounding on mutual funds. It has the facility to invest every month. This is the reason why you can expect to get big funds on small amount of investment.
Disclaimer: Investing in Mutual Funds is subject to risk. Please consult an expert before making any kind of investment.