Best SIP Investment Plan: There will hardly be anyone who does not wish to become a millionaire. But, for the common man, this dream seems too big. But, by making the right investment at the right time, you can easily fulfill this dream. There is no age to invest nowadays. People are getting big benefits by investing at a young age. If you are trying your hand at investing for the first time, then mutual funds can be a great option for you. Through this investment, you can also invest in lump sum investment or with the help of Systematic Investment Plan over a period of time. If you want to get maximum return less investment with less risk then Systematic Investment Plan (SIP) can be a great investment option for you. You can choose it according to your needs.
At the age of 60, you can become the owner of 10 crores
Let us tell you that you can fulfill your dream of becoming a millionaire even with a small investment. It does not require huge investment all the time. If you invest Rs 20 every day from the age of 20 i.e. Rs 600 per month, then you will get a profit of 10 crores after the age of 60. So let us explain the complete maths to you. Nowadays the trend of investing in mutual funds has increased a lot. To invest in this, you can try the option of SIP. From the age of 20, you should invest 20 rupees every day i.e. 600 rupees per month in SIP.
Here is the complete calculation-
Let us tell you that in the last few years, investors who have invested in Mutual Funds have got very good returns. Some people have got returns of 12 to 25 percent. The SIP started from 20 years will be of 40 years till 60. This will cover 480 months. In such a situation, after about 40 years, you can get a return of up to 10 crores. Explain that by investing in mutual funds, the investor gets the benefit of compounding. This facility is available every month. In such a situation, there is a big return on small investment.
Total investment – Rs 2.88 lakh
Annual Return – 15%
Annual SIP Return-20%
Returns after 40 years – 10.21 crores
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