invest in mutual funds
If you also want to save a portion of your earnings for your future, mutual funds may be a good option for you. Because it does not involve as much risk as the stock market and the profitability is also good. There are two ways to invest in mutual funds, one is SIP and the other is lump sum. In this news, we will tell you about an investment plan through SIP, through which you will become the owner of Rs 5 crore by investing just Rs 167 per day.
what is the plan
SIP can be a great option for all those new investors. Who want to save their money. We will tell you how by investing Rs 167 daily and Rs 5000 per month you will become the owner of Rs 5 million and what is the calculation of this plan.
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How will the plan work?
Suppose you are doing an SIP of Rs 5,000 per month for 25 years at the rate of Rs 167 per day in a mutual fund and you are investing 15 per cent per annum. Spot up means if you increase your investment amount by 15 percent then your total investment in 25 years will be Rs 1,27,67,581 and if you earn 15 percent return then it will be Rs 3.94, 47,362. . To this we must add both investment and profitability. That will be around 5.22 crores and you will become the owner of more than 5 crores in 25 years.
what is sip
The full name of SIP is Systematic Investment Plan. This is one way to invest in mutual funds. Through this, you can invest an amount in your favorite mutual fund on a monthly, daily, weekly and quarterly basis. SIP increases returns through compounding and you can understand the process of your investment and returns using a mutual fund calculator.
