How to make Rs 13.5 crore by investing Rs 6000 every month
SIP has made it easier for long-term investors to invest. Mutual fund SIP is a way by which small amount can be acquired by investing small amount. According to tax and investment experts, if an investor is ready to take some more risk by investing in equity mutual funds, then he can become a millionaire in the long term. However, for this, you will have to invest with the plan in the long term.
Market experts point out that investing over a period of 20 years or more can yield 15–17 per cent returns, as fund managers can easily achieve 3-5 per cent higher returns than the market over such a long period. Let us know how the return of thousands of rupees a month can turn into crores of rupees.
Millionaire with SIP of Rs 6000 month Assuming that by investing in a mutual fund, you will get a return of 15 per cent over a period of 30 years, if an investor makes a monthly SIP of Rs 6000 every month, after a period of 30 years, the investor will get a total maturity amount of Rs 4,15,39,678 crore. Rupees.
This maturity amount is possible when the mutual fund investor continues to invest with the basic style of SIP investment. That is, by investing Rs 6000 every month for 30 years, you will get more than Rs 4 crore in 30 years.
Rs 13.5 crore to be made through step-up trick You can become a millionaire in 30 years with a straight path. But to get more money one has to adopt step-up trick. There is not much math or jugaad required in this trick. All it has to do is to increase its monthly SIP by 15 per cent every year.
Assuming a 15 percent annual step-up in the monthly SIP for the same period of 30 years, according to the mutual fund calculator, you will get a maturity amount of Rs 13,49,45,480 crore, which is almost 3 times more than the simple way of investing. .
Investing in mutual funds through systematic investment planning or SIP is considered the best option. SIP can go a long way in creating a larger fund to meet your different financial goals.
It can also be invested at least 100 rupees. SIP amounts are different in different schemes of different fund houses. Apart from becoming a millionaire, there is much more that you can achieve by investing in mutual funds.