If you save 100 rupees everyday, you will get 20 lakh rupees
In this way a fund of lakhs of rupees will be created
These days employment opportunities have increased, but wages have not increased according to inflation. So everyone’s savings have been affected. In such an environment, if you save even Rs 100 a day, it will become Rs 3,000 a month. You can put this Rs 3,000 every month in the Systematic Investment Plan i.e. SIP of the scheme of a better mutual fund scheme. You have to make this investment continuously for 15 years. At present, there are many such mutual funds in the market, which have given returns of 15 per cent per annum in the last 15 years. If you keep getting the same return, then after 15 years you will have a corpus of Rs 20 lakh.
Your amount will increase in this way
You invest Rs 3,000 every month in a mutual fund scheme. And this investment continues for 15 consecutive years. Then your goal can be accomplished. After 15 years your total investment will be Rs 5.40 lakh. If the performance of your fund manager is good, then after 15 years the total value of your SIP will be Rs 20 lakh. Meaning that a return of Rs 14.60 lakh will be available. In this you will get the benefit of compounding.
Best way to invest SIP
SIP is the best way to invest in mutual funds for any general investment. Investing in this way leads to good averaging, which reduces the risk of losses. If this happens, the chances of getting good returns also increase. It is easy to understand that there is a turbulence going on at this time that on a particular day you do not invest the entire amount and invest in a predetermined way. With this, investment is made on the day the Sensex falls, and on the day it rises, it is also invested.
Many funds have outperformed
Talking about mutual fund returns, some of the better schemes have given returns of up to 15 percent in 15 years. The names of many funds come in these. But, we are not naming any fund keeping in mind the safety of the investors. Here, one thing is worth noting that the investments should not put your entire amount in any one fund. If you are investing Rs 3,000 every month, then divide it into three parts after making Rs 1,000 and put it in three different funds.
If the income decreases, then SIP can be stopped in the middle
You start investing Rs 3,000 every month and have set a target of 15 years. So it is not necessary that you keep investing continuously for 15 years. You invest in it as long as your pocket allows it. You can stop this investment whenever you want. There is no penalty for doing so. When you feel that now you can start investing again, then start it again.
