Mutual Fund SIP: Savings schemes of banks are no longer attractive due to rising inflation. Interest rates are also rising and the interest earned on savings accounts, FDs, and fixed deposit accounts of banks is inadequate. In such a situation, where to invest money, the question arises in the mind of all of us. Experts say that if you want to earn more profit with less capital, then mutual funds can prove to be a good option for you.
Create a fund of millions like this
Employment opportunities may have increased, but wages have not increased in line with inflation. Hence the savings have been affected. So if you save Rs 100 every day, you will get Rs 3000 in a month. You can invest this money in a Systematic Investment Plan (SIP) of a good mutual fund scheme. You have to make this investment for 15 years. At present, there are many such mutual funds in the market, which have given 15 percent return in 15 years. If you get the same return, then after 15 years you will have a corpus of Rs 20 lakh.
What is the formula to increase the amount?
If you invest Rs 3000 in a mutual fund scheme every month, that too for 15 years, then you can easily achieve this goal. If you calculate, your total investment in 15 years will be Rs 5.40 lakh. If the fund manager’s performance is good, then after a decade and a half, the value of your SIP will be Rs 20 lakh. That is, you will get a return of Rs 14.60 lakh. In this, you will also get the benefit of compounding.
SIP gives good returns
Excellent performance of many funds
If we talk about mutual fund returns, then there are many such schemes, which have given 15 percent returns in 15 years. But keep one thing in mind do not invest the entire amount in one fund. If you are investing Rs 3000 then divide Rs 1000 into three different funds.
You can also stop SIP in the middle
Read More: Banks will not have to detour, take loans on LIC policy like this, this is an online-offline process
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