Even investing 1000 rupees every month can make you a millionaire. You might not believe it the first time you read this. But this is the reality. We hope that you can easily invest 1000 rupees every month.
Best Investment Plan: In today’s time, people are focusing towards safe investment amidst increasing needs and changing lifestyle. It is also said that there is no limit or time for investment. If you haven’t started investing yet, don’t delay any longer. Start your future planning in the new year (Investment in 2022).
Small investment will make big fund!
If you are not able to save much even if you want, then we will tell you how you can make a large fund with small investment. It starts with 1000 rupees only. We hope that you can easily invest 1000 rupees every month.
SIP gave returns up to 20 percent
Here we will talk about investing in mutual funds. You can start with a SIP of 1000 rupees in the new year and go on to become a millionaire. Let us know how will this be possible? For this, you have to invest 1000 rupees every month in mutual funds. Mutual funds have given returns of up to 20 percent or more in the last few years.
Invest for 20 years
As we talked about depositing 1000 rupees every month in the beginning. If you invest this amount for 20 years, then you have accumulated a total of Rs 2.4 lakh. On the basis of annual 15% return in 20 years, you will get about 15 lakh 16 thousand rupees. If this return is 20 percent annually, then the total fund will be around 31.61 lakhs.
If you invest for 30 years…
If you invest 1000 rupees every month for 25 years and you get 20 percent annual return on it, then on maturity you will get a total fund of Rs 86.27 lakhs. Similarly, if this period is 30 years, then with a return of 20 percent, your fund of 2 crore 33 lakh 60 thousand will be ready.
Let us tell you that the investor gets the benefit of compounding on mutual funds. Also, there is a facility to invest every month in it. This is the reason why you can expect to get big funds by investing a small amount.
Disclaimer: Investing in Mutual Funds is subject to risk. Please consult an expert before making any kind of investment.