Everyone wishes to get the best return on investment. Also, it is the endeavor of every investor that the money invested after retirement can be useful to him and his family as much as possible.
Invest in the name of yourself or any family member
Inflation graph is increasing rapidly. According to an estimate, if you need 50 thousand rupees every month after retirement, then soon start investing in the name of yourself or any family member.
Fund of 1.25 crore will be ready without any tension
At present, the average annual interest rate of banks is 5 percent. At present it is not likely to go down. In such a situation, for an interest of 50 thousand rupees every month, you should have a fund of 1.2 crores. For this you should invest in SIP.
Average return of 12 percent
For example, now you are 30 years old. At this time start doing SIP in your name for Rs 3500 per month. In the current round of SIPs, you are expected to get an annual return of at least 12%.
There will be a corpus of Rs.1.25 crore
By depositing Rs 3500 every month for 30 years, you invest Rs 12.60 lakh. On this, if you get an average return of 12 percent annually, then on completion of 30 years, you have a fund of 1.23 crores ready.
Will get 50 thousand interest every month
If you calculate the interest at the rate of 5 percent per annum on a fund of Rs 1.23 crore, then it comes to Rs 6.15 lakh annually. In this way, you will easily get an income of 50 thousand rupees every month.
Mutual funds and their returns
SBI Small Cap Mutual Fund has given returns of up to 20.04 percent in the last few years. On the other hand, Nippon India Small Cap Mutual Fund Scheme has given 18.14 percent and Invesco India Midcap Mutual Fund Scheme has given 16.54 percent.
