Actually, investing is a very good thing because by investing in it, the money remains safe while you get very good returns on maturity. Keeping this in view, even small investors are preferring to invest in SIP of mutual funds. Systematic Investment Plan which we know as SIP. In this you can save a little amount of your money.
SIP has so much power that if you invest even a thousand rupees a month, you get a huge fund on maturity. If you deposit money in any scheme, you get a maximum return of 8 points up to 20%, but if you save your money in SIP, you get an estimated annual return of up to 12 percent. However, till now returns up to 22% have been seen.
JANIYE what is sip
As mentioned above, SIP is also an investment scheme, if you invest a small amount in it, you get tremendous returns. You can invest in SIP for 40 years and its specialty is that the longer you deposit money, the stronger the returns you will get. You can become a millionaire even by depositing just ₹500 and ₹1000. There is so much power in mutual funds. Well, you can deposit money in it on weekly, monthly, quarterly, half yearly and yearly basis.
₹1000 becomes a millionaire like this
For example, if you start a job at the age of 20 with a monthly salary of Rs 10 to 12000, then you have to invest 10% of your salary in SIP. By investing the money, you get a return of up to 12%. If you start investing at the age of 20, you get funds worth crores of rupees till your retirement. If you want to collect a fund of crores of rupees, then for this you will have to deposit thousand rupees every month for 40 years.
After this, you will get Rs 1 crore 14 lakh 2 thousand 420 as per the estimated return of 12%, whereas on maturity the entire amount will be Rs 1 crore 18 lakh 82 thousand 420. So you can see, the longer you invest, the better the returns you get.
