Mutual Fund Investment Tips: With the changing times, there have been many major changes in the methods of investment. Nowadays people like to invest in Post Office Scheme, LIC, Bank FD as well as many other types of schemes. In this, mutual funds have emerged as a big choice for investors. Nowadays people can get big funds by starting with a small investment of just Rs 100 in mutual fund schemes. For this, you have to invest through Systematic Investment Plan ie SIP. Investors are preferring to invest through SIP instead of investing a large amount in mutual funds at one go. If you are also planning to invest in mutual fund scheme through SIP, then we tell you in how many years you can become a millionaire-
Become a millionaire by investing just Rs 5,000
Let us tell you that if you want to get strong returns in the long term by investing in mutual funds, SIP is a great investment option for you. Investing in mutual funds through SIP gives an annual return of at least 12 percent. If you do a SIP of Rs 5,000 every month in a mutual fund scheme through SIP, then according to the SIP calculator, at the rate of 12%, you can become an owner of Rs 1.1 crore in 26 years. Through SIP of Rs 5,000 in 26 years, your total investment amount will be Rs 15.6 lakh. At the same time, you will get about 95 lakh rupees as wealth gain. In such a situation, in a period of 26 years, you will become the owner of crores.
Investing in the right way is necessary for strong returns.
Experts always suggest investors to be disciplined in their investments. Along with this, it is important to keep in mind that investing in Mutual Funds is subject to market risk. Its returns depend on the movement of stocks in the stock market. In such a situation, instead of investing money together, investors are preferring SIP.
Know how much you will get in 10 years, 20 years and 30 years
If you do a SIP of Rs 5,000 every month for 10 years, then you will get a fund of about Rs 11.6 lakh at the rate of 12 per cent. The investment limit in this will be Rs 6 lakh and the return will be Rs 5.6 lakh. While the total investment in a period of 20 years will be 12 lakhs and the return will be 50 lakhs, while in a period of 30 years your investment will be 18 lakhs and the return will be 1.8 crores. All this amount is estimated according to SIP calculator.
Disclaimer: The information provided here is for information only. It is important to mention here that investment in Mutual Funds is subject to market risks. Always take expert advice before investing money as an investor. It is never advised here to invest money on behalf of ABPLive.com.
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