If one starts investing in SIP at the age of 25 and continues to invest till the age of 60 (35 years), then the investor gets the benefit of compounding interest.
Mutual Fund: If you want your life to be financially worry free after retirement, then the only way is to make a fund of crores of rupees till the age of 60 years. Yes, if the long term investment is done in the right way, then by the age of 60 years, a fund of Rs 23 crore can be easily created.
Investing in mutual funds through SIP is considered very good. A large number of retail investors are making money in Mutual Funds through Systematic Investment Plan (SIP).
This is how a fund of 23 crores will be made
if you start investing in SIP at the age of 25 and invest continuously till the age of 60 (35 years), then the investor gets the benefit of compounding interest. The fund gets ready. Experts believe that after investing for 35 years, a return of 12 to 16 percent is given on investment.
According to economic experts, suppose if an investor starts a SIP of Rs 14500 crores per month at the age of 25. If the investor invests continuously till the age of 60 years and gets an annual return of 12 percent, then the investor can create a fund of Rs 22.93 crore.
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