In this era of inflation, it becomes difficult to fulfill the wishes of your family. Many times we save money but for some reason, they are spent. Even after working hard all day, when there is no money in hand for the time of need, it is very sad. In such a situation, we are going to tell you a plan today, through which you can invest more than Rs 21 daily and deposit more than Rs 90 lakh. Many rich people have also invested in this plan. Let us know where and how much you will have to invest in this.
If you invest 21 rupees a day or Rs 630 a month in a mutual fund, then you can get a fund of more than 90 lakh rupees in just 30 years. In many mutual funds, investors have received 18 percent returns in a year. If you invest Rs 630 every month in SIP for 30 years and keep getting an 18% return every year, then you will have Rs 90.2 lakh.
In this plan, you invest Rs 2,26,800, while according to the return of 18 percent, you will get around 90 lakh rupees after 30 years. This way you will make a big profit. Let's know in which SIP you will get good returns.
You can also take advantage of compounding by investing in a SIP or Systematic Investment Plan, that is, your profit of the first month gets added to your next month's principal, which increases your investment and also your profit. The longer you invest in SIP, the more benefit you can get. So investing through SIP for a long time helps you in accumulating wealth.
SIP is an easy and reliable way to invest regularly, under which you can invest up to Rs 500 per month. Meaning you can fulfill your dreams without any extra burden on your monthly expenses. Even if the investment amount is small, SIP is an easy system to accumulate funds gradually in the long run.
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