Diwali 2024 Investment Plan: There are only a few days left for Diwali to arrive. This year Diwali will be celebrated on 31st October. In this episode, today we are going to tell you about a very wonderful investment plan, where on the auspicious occasion of Diwali, you can invest just Rs 5,000 and collect a big fund of Rs 1.3 crore at the time of your retirement.
Investment Plan: This money will meet your financial needs in future. In this, you have to invest in mutual fund scheme. It is worth noting that mutual fund investments come under market risks. On the other hand, if you invest in this scheme in a planned manner, then you can get a good return from here. In this episode, let us understand the mathematics of investment with the help of which you can collect Rs 1.3 crore by investing five thousand rupees. Let us know –
Suppose you are 30 years old. In such a situation, you have to get a SIP made in a good mutual fund scheme at the age of 30. After getting a SIP made, you have to invest five thousand rupees in it every month.
You will have to make this investment of Rs 5,000 per month for the entire 30 years. During the investment period, you also have to expect that your investment will get an estimated return of 11 percent annually.
If the return is as per your expectations, then you will be able to collect Rs 1.3 crore at the time of maturity after 30 years. This money will empower you financially in the future.
Disclaimer: The money invested in mutual funds is subject to market risks. Before investing in it, definitely take the advice of experts. If you invest in mutual funds without knowledge, in this situation you may have to face a huge loss. The return on investment made in mutual funds is decided by the behavior of the market.
Related Articles:-
EPS New System: EPS Pensioners can withdraw pension easily from 1 January, know details
How many types of Savings Accounts are there? Which one do you have? Understand the whole thing here
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
