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SIP Investment: Big news! Get Rs 1 crore by investing Rs 50 daily, Invest through this formula

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SIP Investment: Big news! Get Rs 1 crore by investing Rs 50 daily, Invest through this formula

SIP Investment Tips: People invest in many schemes to create a big fund. However, even after a lot of effort, they are not able to create a big fund by investing a small amount. And even if they do, it takes a very long time. If you invest in mutual funds through SIP, then you can become a millionaire in less time than other schemes by saving Rs 50 a day.

SIP Investment: Many people use different options for investment. Some invest in FD and some in some other scheme. The return of every scheme is almost different. There is also a way in which you can become a millionaire by saving Rs 50. This way is none other than SIP. You can collect a huge amount by investing in mutual funds through SIP. Investment in SIP is increasing continuously.

SIP made a record

Systematic Investment Plan (SIP) is continuously making new records. Investment in mutual funds through SIP has reached its all-time high. According to the data of the Association of Mutual Funds (AMFI), in December 2024, SIP inflow in mutual funds reached Rs 26459 crore for the first time. In November it was Rs 25320 crore. At the same time, investment in equity mutual funds stood at Rs 41155 crore in December. It has jumped 15 per cent month on month.

There are many mutual funds that have given good returns to investors in the last few years. Experts recommend investing in mutual funds for the long term. If you want to collect a big fund by investing in it, then invest for at least 3 or 5 years. It is considered to guarantee good returns on long term investment. Many mutual funds have given returns of 15 to 20 per cent annually on long term investment.

Why invest in SIP only?

Actually many people do not have a lump sum amount to invest. In such a situation, a small amount can be invested in mutual funds every month. You can also invest money in it online. There are many schemes in which SIP can be started from Rs 500 per month. SEBI is now considering to bring SIP of Rs 250.

What is the formula to become a millionaire?

When you invest in mutual funds, compound interest gets added to it. This is the reason why a small amount becomes bigger with time. If you save Rs 50 daily, you will accumulate Rs 1500 per month. Invest this Rs 1500 in mutual funds through SIP every month. You will have to do this for 30 years.

See the magic of compound interest

With Rs 1500 per month in 30 years, you will collect Rs 5.40 lakh. If we assume that you get 15 percent interest annually on this investment, then in 30 years you will collect Rs 99.74 lakh of interest. In such a situation, by investing Rs 1500 per month in 30 years, you will collect a fund of more than one crore rupees.

Disclaimer: The suggestions given in this analysis are those of individual analysts or broking companies, not of Business league. We advise investors to consult certified experts before making any investment decision. As stock market conditions can change rapidly.

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