New Delhi. If you also want to marry your daughter with great pomp, then there is no need to worry at all. Because in today’s time there are many such schemes, by investing in which you can prepare a huge fund. Investment advisors say that if you are starting with investing, then you should not wait for the timing. When you have money left, start investing from the same time.
Take care of discipline while investing. Meaning that you have to keep investing on time or keep increasing it. So let’s know how and where you invest.
Invest in SIP
If you want high returns then Systematic Investment Plan (SIP) is a good option for you. You can get good returns in few years through SIP. For this, you can also invest at least 500 rupees per month.
20 lakh fund will be made on 1000 thousand investment
According to the SIP calculator given on the website of Franklin Tapleton of India, if you invest Rs 1000 every month, you can earn up to Rs 20 lakh in 20 years. This calculation has been done at an average annual interest of 12 per cent.
50 lakh fund created in this way
To build a corpus of 50 lakhs in 7 years, you need to invest Rs 40,000 every month. This calculation is assuming an average CAGR return of 12%. It has been observed that equities give better returns in the long run.
Advisors say that it is not necessary to start investing with a large amount. If you want, you can invest even 100 rupees. But if you want to invest through SIP, then you have to invest Rs 500. If you regularly invest this much every month, then in 20 years this amount will be close to 5 lakh rupees.
