New Delhi: Best Saving Tips: Everyone worries about their future. That’s why people invest somewhere to secure the future. Often people invest to improve their life after retirement.
With this, people think that investing should be done in such a place where maximum return is given. If you are also thinking like this then you should start investing in SIP. You will get a lot of money on this.
If you are 30 years old and you start doing SIP of Rs 3500 per month. By depositing Rs 3500 every month for 30 years, you invest Rs 12.60 lakh. Now it gives an average return of 12 percent, so after completing 30 years, you will have a fund of 1.23 crores ready.
Now if you withdraw 5 percent interest on a fund of Rs 1.23 crore, then it is Rs 6.15 lakh per annum. Accordingly, you will get 50000 rupees every month.
SBI Small Cap Mutual Fund has given returns of up to 20.04 percent in the last few years. While Nippon India Small Cap Mutual Fund Scheme has given 18.14 per cent and Invesco India Midcap Mutual Fund Scheme has given 16.54 per cent.
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