If you invest Rs 500 every month in schemes like PPF, SIP, SSY and Post Office RD, then how much money will you get on maturity. Know from calculation.
If you think that a large amount is always required for investment, then it is not so. There are many schemes in which you can start investing with ₹ 100, ₹ 250 and ₹ 500. PPF, SIP, SSY and RD are such schemes. If you invest only Rs 500 per month in these schemes, then you can add a lot of money. Nowadays, most schemes get the benefit of compounding interest. In such a situation, the longer the investment is made, the more your money can be added. Know here how much money will you get on maturity if you invest Rs 500 every month in schemes like PPF, SIP, SSY and Post Office RD.
SIP
You can invest in mutual funds through SIP. Although SIP is linked to the market and the market is considered risky. But SIP has given very good returns in the last few years. This is the reason why the popularity of SIP has also increased rapidly in the last few days. Experts believe that an average return of 12 percent is obtained in SIP. In such a situation, people earn a good profit through SIP in the long run. The good thing is that in SIP, you can increase the amount to be invested according to your capacity at any time. This increases your profit.
If you calculate at the rate of 12 percent, if you invest even Rs 500 per month in SIP, then after 15 years, at the rate of 12 percent interest, you can get Rs 2,52,288 as maturity amount. After 20 years, the maturity amount will be Rs 4,99,574.
PPF
If you want a safe investment, then PPF i.e. Public Provident Fund can be a profitable deal for you. This is a government scheme in which investment can be started with Rs 500. Every year it is necessary to invest a minimum of Rs 500 in it. In this scheme, you get the benefit of compounding interest at the rate of 7.1 percent. This scheme matures in 15 years. If you deposit Rs 500 every month in it, then you will have to deposit Rs 6000 annually. According to the PPF calculator, in 15 years you will accumulate Rs 1,62,728 through it. On the other hand, if you continue this scheme for 5 more years, then in 20 years you will accumulate Rs 2,66,332.
SSY
If you are the father of a daughter, you can also invest in Sukanya Samriddhi Yojana. This scheme is run by the government to secure the future of daughters. In this scheme, a minimum of Rs 250 and a maximum of Rs 1.50 lakh can be invested annually. Currently, this scheme gives interest at the rate of 8.2 percent. Investment has to be made for 15 years and the scheme matures in 21 years. If you invest even Rs 500 every month in this scheme, then in 15 years you will spend a total of 90 thousand rupees. Between 15 and 21 years, you will not make any investment, but interest will keep getting added to your amount at the rate of 8.2 percent. On maturity, you will get Rs 2,77,103.
Post Office RD
Post Office RD is also a better option. Post Office RD is for 5 years. At present, it is getting 6.5 percent interest. You can start investing in Post Office RD with Rs 100. But if you deposit Rs 6000 annually at the rate of Rs 500 every month, then your total investment will be Rs 30,000, on which you will get Rs 5,681 as interest. On maturity, you will get Rs 35,681.
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