Investment Tips: If you want to become a millionaire by saving just Rs 300, then today we are going to tell you about the mathematics of a very wonderful investment.
In today’s time, the pace of inflation is increasing very fast. In such a situation, you should invest your savings money in a good place, from where you can get a good return. It is worth noting that mutual funds and stock market can give you good returns as compared to small savings schemes or FDs. However, these areas of investment are risky. Here your slightest mistake can cause you a big loss.
For this reason, you have to invest here thoughtfully and in a planned manner. According to many experts, mutual fund investments can give you good returns in the long term. If you also want to become a millionaire by saving only Rs 300, then today we are going to tell you about the mathematics of a very wonderful investment. Let’s know about it in detail –
For this, first of all you have to make a SIP in a good mutual fund scheme. After making a SIP, you have to save Rs 300 daily and invest Rs 9,000 every month in it.
You will have to invest this amount of 9 thousand rupees per month for a total of 25 years. While investing, you also have to expect that your investment will get an estimated return of 10 percent every year.
If the returns are as per your expectations, then you will be able to collect around Rs 1,20,41,013 after 25 years. With the help of this money, you will be able to live your future life easily.
Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in it, definitely take advice from experts. If you invest in mutual funds without information, then in this case you may have to face a big loss. The return on investment made in mutual funds is determined by the behavior of the market.
Related Articles:-
- NRIs MF: Can NRIs invest in mutual funds? Know what the rules say
- USA Job Visa: Indians’ dreams are being shattered, companies are cancelling job offers
- PF Funds: Central govt may give the option to EPFO employees to convert their PF funds into pension
- Budget Expectations: Senior citizens will get 50% discount on tickets of Express, Rajdhani, Shatabdi trains!
- SBI Har Ghar Lakhpati Scheme – Get 1 lakh , You only need to invest 591 rupees
