SIP: Every person must save some part of their monthly income and invest it in a good scheme. This is a great way to secure your future and earn good profits. (Investment Scheme)
There are many investment options available, such as post office schemes, bank fd, and nowadays, mutual fund SIP is becoming very popular. Thoughtful investment can make you financially strong-
A mutual fund SIP is a good option for investment-
Nowadays, investing in mutual funds through SIP has become a popular option, where regular investment can create a fund of crores in the long run. By investing in a mutual fund SIP for a long time, you get a maximum return of 12 percent. This is a market-linked scheme. In such a situation, the return received can also go up or down according to the market.
If you invest Rs 5000 every month in mutual fund SIP regularly for a long time, then you can collect funds up to Rs 1 crore. For this, you will have to invest Rs 5000 every month for 27 consecutive years. By investing Rs 5000 every month for 27 consecutive years, you will invest a total of Rs 16,20,000. At the rate of 12 percent, you will get a total fund of Rs 1,08,11,565 after 27 years. In this way, you will have a total profit of Rs 91,91,565.
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