Under SBI’s JanNivesh SIP scheme, one can start investing in mutual funds with just Rs 250. This includes daily, weekly and monthly investment plans. Those who want to start investing can start with a small amount.
In today’s time, everyone saves a part of their earnings for post-retirement, so that they do not have to face any kind of financial problem at that stage of age and neither do they have to depend on anyone else for their survival. Even your small savings can solve this problem and State Bank of India (SBI) has started a new SIP Scheme, in which one can start with just Rs 250 and by saving regularly every month, one can raise a fund of more than Rs 17 lakh. Let’s understand its complete calculation…
You can choose the investment option according to yourself.
First let us tell you about Jan Nivesh SIP Scheme launched jointly by SBI Mutual Fund and State Bank of India (SBI), which has been launched especially with the aim of empowering first-time investors and small savers living in rural, semi-urban and urban areas to participate in mutual fund schemes. Its special feature is that in this, investors can start with just Rs 250 and can choose daily, weekly and monthly investment options.
It is said that by investing at the right place and getting great returns, even small savings can raise a huge fund and in this regard, Systematic Investment Plan i.e. SIP is becoming quite popular. In this SIP scheme of SBI, investors can initially invest in SBI Balanced Advantage Fund, which is a fund that strategically allocates investments between equity and debt by fund managers.
How will you raise more than Rs 17 lakh?
Now let’s talk about the calculation, under which an investment of Rs 250 every month can become a fund of more than Rs 17 lakh. So let us tell you that SIP is a long-term investment option and if we look at its history, then investors can get a return of up to 12-16 percent. Now if a monthly SIP of Rs 250 is run for 30 years and a return of 15 percent is received during this time, then the investor will have Rs 17.30 lakh deposited. This includes a deposit of ₹ 90,000 and a return of Rs 16,62,455.
Now if the investor increases his investment period to 40 years in this small SIP scheme, then he will have an amount of more than Rs 78 lakh. Actually, if an investor makes a regular investment of Rs 250 every month for 40 years and the return remains 15 percent, then his deposit will be Rs 1.20 lakh, but the return he gets will increase to Rs 77,30,939 with compounding and the total fund will become Rs 78,50,939. Keep in mind here that inflation rate has not been included in these figures, which can potentially reduce the value of the total amount.
(Note- Before making any investment, please consult your market experts or advisor.)
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