If long term investments are done smartly and in the right way, then by the age of 60 years, a fund of Rs 23 crore can be created very easily.
If you start investing in the right way at the right time, nothing can stop you from making your retirement easy.
If long term investments are made smartly and in the right way, then by the age of 60 years, a corpus of 23 crores can be created very easily. But for this it is necessary to start investing at the right time.
Most of the investors invest in Monthly SIP of Mutual Funds but are not able to do it properly. Due to this, the income of the investors through SIP does not increase.
According to tax experts, if an investor starts investing in SIPs at the age of 25 and invests till retirement, then he invests continuously for the entire 35 years. This gives the investor the benefit of compounding interest. Due to this, a large fund gets ready at the time of retirement.
According to another tax expert, after investing for 35 years, the return on investment is 12 to 16 percent. The investor has to create a corpus of 20 crores keeping inflation in mind during and after the investment.
According to tax experts, suppose if an investor starts a SIP of Rs 14500 crores per month at the age of 25 and invests in it till the age of 60 and gets an annual return of 12 per cent, then the investor will have a fund of Rs 22.93 crores. can do. SIP can make an investor rich at the time of retirement.
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