- Advertisement -
HomePersonal FinanceSIP Magic: Invest Rs 72,000 and earn a profit of Rs 2.11...

SIP Magic: Invest Rs 72,000 and earn a profit of Rs 2.11 crore, know how

- Advertisement -
- Advertisement -

SIP Magic: There are many traditional tools and there are tools available under market risks, which give good returns in the long run. If you listen to the financial planner, then you can guess that it is not difficult to create a balance of crores.

SIP Magic: Studies completed, job started and the goal is to become a crorepati. Perhaps everyone does their financial planning with this dream. But, in reality, only the one who makes smart investments is called a crorepati. Investing at the right place and at the right time is very important. Also, it is important to understand that if the money that is being spent here and there is invested, then your goals will be achieved on time. There are many traditional tools for this and there are tools available under market risks, which give good returns in the long run. If you listen to the financial planner, then you can guess that it is not difficult to create a balance of crores.

Save ₹ 200 but where to invest it?

According to the financial planner, an investment of 200 rupees daily i.e. 6000 in a month is enough. If we look at this figure for one year, it comes to Rs 72,000. Now if this Rs 72,000 is invested somewhere… For example, let’s take the two most preferred tools. First Public Provident Fund (PPF) and second SIP Mutual Funds.

15 years investment in PPF

A conservative investor invests his money in a government guaranteed instrument like Public Provident Fund (PPF). Its specialty is – the money invested, the interest received on it and the entire amount received on maturity is tax free. If you invest Rs 6000 every month in PPF, then your investment in a year will be Rs 72,000. By investing regularly, this amount will be Rs 19 lakh 52 thousand 740 in a period of 15 years. 15 years is the minimum maturity limit of PPF.

20 years investment in PPF

If you keep depositing this amount in PPF for 20 years, then this amount will be 31 lakh 95 thousand 978 lakh rupees. Now if you extend it for 5 more years, then you will get 49 lakh 47 thousand 847 rupees. The thing to note here is that PPF is a safe investment. But, its interest rate is fixed every three months. Here we have calculated the current interest rate of 7.1 percent.

₹6000 / month SIP investment in mutual funds

If you deposit your money in mutual funds SIP every month for 25 years, then the value of your investment becomes 80 lakh 27 thousand 342 rupees. Here it has been calculated according to 10 percent annual return. Now if you extend it to 30 years, then the return you will get will be 1 crore 36 lakh 75 thousand 952 rupees.

How to get 2 crore 11 lakh 79 thousand 483 rupees?

Experts consider 10 percent return to be very normal and conservative. Getting 12 percent return in diversified funds is normal. According to this rate, this amount will be 1 crore 13 lakh 85 thousand 811 rupees in 25 years and in 30 years this money will increase to 2 crore 11 lakh 79 thousand 483 rupees.

Related Articles:-

SIP Investment: In how many years can you earn Rs 10 crore from a SIP of Rs 10,000? check full calculation

Punjab & Sindh Bank increased interest on FD, check new interest rate

PNB Bank FD Rates Hike: Punjab National Bank increased interest on FD, check new interest rate

 

Deepak Kumar
Deepak Kumar
Deepak Kumar has 2 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @deepakmaurya152004@gmail.com
RELATED ARTICLES

Most Popular

Recent Comments