Investment Tips: Everyone wants to become a millionaire but when it comes to patience, everyone loses. Would you believe that you can become a millionaire by investing only Rs 7474 every month. Today we will tell you in which scheme you can invest to make your dream of becoming a millionaire come true. Read the full news…
Investment Tips: We must have said at some time that I wish we had crores of rupees. Every common man dreams of becoming a millionaire. For this, he also invests, but after a while he loses patience. The whole game of investment is about patience.
Just as one and two runs help a batsman to score a century. Similarly, investment also helps us to become a millionaire. Currently, there are many investment options available. But today we will tell you about the scheme to become a millionaire.
SIP is a very good option
Every month, you can become a millionaire through the Systematic Investment Plan (SIP) of Mutual Fund. This scheme is especially good for those investors who get a monthly salary. You have to invest a part of your savings every month in SIP.
If you feel that Rs 7,500 is too much, then you can invest only Rs 5,000. You have to increase the investment amount by Rs 2,500 every 5 years and you will become a millionaire in just 20 years.
Understand it like this, if you invested Rs 5,000 every month in the first 5 years and after every 5 years you increase the investment amount by Rs 2,500, then in the last years of investment you will invest a total of Rs 12,500 every month.
Now you will get at least 10 percent return in SIP. Now only after the first five years you will be able to see that you will get a very good return and in the last year of investment you will get a good return.
Patience is important in investment
If we start investing, then we should not leave the investment in the middle. Always invest for the full term. Of course, it is said that investing in mutual funds is very risky. But, if we make long term investment and select the right scheme then we can get good returns without any risk.
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