SIP Calculator: If you want to become a millionaire then you have to invest some money. To become a millionaire, you have to invest in the right way and at the right time. Here you do not have to invest in the stock market. SIP is one way that can fulfill your dream of becoming a millionaire
SIP Calculator: If you want to become a millionaire then you have to invest some money. To become a millionaire, you have to invest in the right way and at the right time. Here you do not have to invest in the stock market. SIP is one such way that can fulfill your dream of becoming a millionaire. By investing in SIP over a long period of time, you can create a huge corpus. The advantage of investing for a long period is that huge returns can be earned through compounding. If you also want to make a safe investment for the future, then you can start your investment from a young age.
Invest Rs 1,000 every month
You can build a huge fund with regular small investments. Here we will tell you how you can make a big fund with a small investment. Here we are telling you about the plan of Rs 1000 per month.
SIP gives bumper returns
You can invest in mutual funds. With a SIP of Rs 1000, you can travel till becoming a millionaire. Let us know how a fund of more than Rs 1 crore will be prepared from Rs 1000? You have to invest Rs 1000 every month in mutual funds. If you look at the last few years, many mutual funds have given returns of 20% or more.
Invest for 20 years
1000 rupees will have to be invested every month. By depositing this amount for 20 years, a total of Rs 2.4 lakh is deposited with you. Your fund will grow to Rs 15 lakh 16 thousand in 20 years at 15% annual return. On the other hand, if we talk about 20% annual return, then this fund will increase to Rs 31.61 lakh.
Big fund will be available on 30 years investment
Looking at the SIP calculator, if you invest Rs 1000 every month, you will get a fund of Rs 86.27 lakh on maturity with an annual return of 20%. If this period is 30 years, then with 20% return, your fund of Rs 2 crore 33 lakh 60 thousand will be ready. Investors get the benefit of compounding on mutual funds.
