sip calculator, leave only evening tea, even those with a salary of ₹ 30000 can become millionaires, know the hit formula of investment – avoid evening tea can make you millionaire, here is sip investment tips
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Now if you invest this 30 rupees in SIP (Systematic Investment Plan) instead of tea, then you can get good returns. Strong returns can be found in long term investment. If you save Rs 300 every month, you can create a fund of up to Rs 1.5 crore. If you are 20 years old and you save 30 rupees every day and invest in SIP, then by the age of 60 you can become a millionaire. 30 rupees deposited every day means 900 rupees in a month. Invest this money in SIP for long term. You get an average return of 12.5 per cent on SIP.
You can calculate yourself
If you invest Rs 600 every month in SIP, you can get a return of up to 15%. According to this calculation, your total investment in 40 years will be Rs 2,88,000. At 15% return, the total value of your investment will be Rs 1,88,42,253. If you get 20% return on this, then your investment of Rs 600 will become Rs 10,18,16,777 in 40 years. Let us tell you that by getting the benefit of compounding on mutual funds, your small investment becomes a big fund in the long term. The most important thing is that you should always invest only after taking the advice of a financial advisor. Mutual funds have inherent market risk. In such a situation, one should invest only with the right advice of the expert.
