SIP Investment: If you want to make money then long term strategy works best. Deduct essential expenses from your income and then save only Rs 100 daily. This savings has to be invested every month. Systematic investment plan will give right direction to your money. Let us know about it in detail…
There was a time when people used to invest money in fixed deposits (FD) in banks or post offices. But now people do not hesitate to invest money in mutual funds. Today, there are thousands of investment options available and one of them is SIP of mutual funds. It is a good habit to invest early. But, no matter what the age, if investment is started well then your goals will definitely be achieved.
If you do not want to invest money directly in stocks, then start with mutual funds. No need for big investment. Start with small SIP. But, if you want a bigger corpus then you will have to understand its formula also. If you understand and adopt this SIP formula, then the magic of returns will work in such a way that your money will grow double during the day and quadruple at night.
How to plan your investment?
If you want to make money then long term strategy works best. Deduct necessary expenses from your income and then save only Rs 100 daily. This savings has to be invested every month. Systematic investment plan will give right direction to your money and the returns will keep increasing your money.
Start SIP from Rs 3000
According to investment advisor, if you want a big fund then equity mutual funds can be a good option. If an investor makes his first investment of Rs 3000 at the age of 30 and makes regular investments for 30 years, a big fund will be created. It is beneficial to invest in Systematic Investment Plan (SIP) of equity mutual funds.
The most accurate formula of SIP
If you believe the advisor, you have to invest in mutual funds for 30 years. If you get an estimated return of 15% then the path to becoming a millionaire becomes easy. The biggest benefit is compounding. Meaning, you will get the benefit of compound interest along with 15% in 30 years. But, what is more important is the most accurate formula, which will add value to SIP. This formula is of Step Up SIP. All you have to do is maintain a step-up rate of 10% every year.
How to become a millionaire?
You are 30 years old. Saved Rs 100 daily and invested in SIP. Long term strategy aimed for 30 years. Keep doing 10% step-up every year. If you started with Rs 3000, you will have to increase it by Rs 300 next year. After 30 years you will have a maturity amount of Rs 4,17,63,700. According to SIP calculator, your total investment in 30 years will be Rs 59,21,785. But, here there will be a profit of Rs 3 crore 58 lakh 41 thousand 915 just from the return. This is the magic of returns in SIP. In this way, with the help of the most accurate formula step-up, you will have a huge fund of Rs 4 crore 17 lakh.
If you invest money in the right place at the right time then no one can stop you from earning profits. Something similar has happened with those investing in SIP also. SIP has made investors rich in the last few years. In such a situation, if you also want to earn money through SIP, then you should keep some things in mind. Otherwise your hard earned money will be lost. Let us know what things you should keep in mind while investing…
Do not invest large sums
First of all, while investing in SIP, you should keep in mind that you should not invest a large amount. By investing a large amount, your SIP gets broken due to shortage of money in future and due to this, you also get less profit.
Make market strategy like this
When there is a boom in the market, then some profit should be taken as per the need. At the same time, in case of a big fall in the stock market, a little more money should be invested.
You get the benefit of compounding
Investing in SIP gives tremendous benefit of compounding. Therefore, SIP should be done for a long time, the longer it is, the greater will be the benefit of compounding.
Do not stop SIP midway
There are ups and downs in the stock market, there is no need to worry about it. Many people stop their investments after seeing recession. You shouldn’t do this. At such times you will get many shares cheaply. By investing in this situation, you can get good profits from your investment when the market is booming.
Don’t invest when there is a boom
When people see a boom in the market, they start investing. But this is not good for investment because the stock market is unpredictable. This market rises fast and also falls twice as fast. For this reason do not invest in bullishness.
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