If you want to get a good amount after retirement, then you have to start from now and you will have to invest little by little per month.Â
In the present time, everyone invests but some experts say that investing in Systematic Investment Plan (SIP) is most beneficial instead of Mutual Fund.
Investors say that after investing less, it has higher returns in the long term and there is less risk in it. In such a situation, if one invests a minimum monthly investment of 1000 rupees in SIP, then he will get huge profits in 20 years.
12 percent return
Jamshedpur-based tax and investment expert Naveen Kumar says that if we invest for a long period, SIP gives us a better return of 12 percent. If the SIP is for a longer period, then it can be as high as 15 to 16 percent. If you invest 1000 rupees for 34 years, then the investor invests only four lakh eight thousand rupees and he gets one crore rupees at the time of maturity.
More investment and more time is beneficial
Another expert from Jamshedpur, Mahendra Kumar, says that if you want more returns, then investors should invest more time and more. The biggest advantage of SIP is that it gets compound interest along with interest on the amount deposited every time.
If you want to become a millionaire in 20 years, then you have to invest Rs 5000 monthly. At the same time, after increasing the investor by Rs 500 every year, the total value of the investment after 20 years will be around Rs 1 crore. This will benefit the investors of Rs 75 lakh.
