SIP: If you invest in bank and post office then it is very difficult to make a big fund there. On the other hand, if you invest in a systematic way i.e. through SIP, then you can make a thick fund in the long term. There are many such funds for the long term. In which up to 12 percent returns are being received
SIP: If you are employed, then you have to prepare for your retirement plan from now itself. After retirement, you can raise a fund of crores of rupees. For this, it is a bit difficult to make a thick fund to invest in a bank or post office. If you take a little risk then you can make big money sitting at home. If you want to become a millionaire then investing in mutual funds can prove to be right. Here money moves fast like water. SIP (Systematic Investment Plan) of mutual funds is also one such tool. In which you can earn up to 10 times in the long term.
If you are looking for safe investment then do FD in bank and post office. But you will not be able to achieve any big goal from the returns you get from this. In such a situation, you can earn big money through SIP.
How to earn from interest?
Suppose you start investing at the age of 20. If you are investing Rs 6000 every month for 25 years. If the average return is 12%, then at the age of 45, a fund of more than Rs 1 crore will be ready. According to the SIP calculator, a total of Rs 11385811 will be available in 25 years at an average return of 12%. Your total investment in this will be Rs 18 lakh. In this, Rs 9585811 will be earned from interest.
Invest for 30 years
Now if you invest continuously for 30 years then the total investment will be Rs.21,60,000. At the age of 50, you will have Rs 2,11,79,483. You will get Rs 1,90,19,483 only from interest.
Can start from Rs 500
You can invest in any type of mutual fund through SIP. A huge amount can be raised from this. The good thing is that you can start SIP with as little as Rs.500. Most experts believe that more money can be made from SIP in less time. Let us know that investing in mutual funds is subject to market risks. Therefore, investors should take a decision based on income, target and risk profile.
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