New Delhi, You must have heard that saying that sea by drop is formed. In the same way, you can make a big fund by depositing a little money. Yes, if you invest in the right place, then within a few years, you can create a fund of Rs 50 lakh by depositing Rs 50-50 daily, which you can use for buying a house or car, studying for children or marriage or for your retirement. Can. To create a fund larger than a small amount of money, it is necessary that you invest money at the right place. Mutual funds are a good option for this.
What do you know
Experts on this matter say that you should invest where there are good returns. Mutual funds are absolutely right for this. If you invest in an FD or post office scheme, you will not get more than 7-8% returns. But in mutual funds, you can get 12-15% annual returns easily. Therefore, this is the option that can help you in preparing a big fund.
How to invest
You have to invest through SIP to create a fund of Rs 50 lakh. In SIP, you can invest a little money every month. A calculator is given on the Franklin Templeton of India website. According to this calculator, if someone invests only Rs 1000 in a mutual fund scheme every month, then after 20 years, he will have a fund of Rs 20 lakh. Here the estimated return of 12 per cent is considered.
If you invest Rs 500 every month
If you invest Rs 500 every month, then in 20 years, you will have a fund of about Rs 5 lakh. If you deposit Rs 500-500 every month for 30 years, then you will have a fund of more than Rs 17.5 lakh. In fact, the longer you invest, the longer you will get the benefit of compounding.
This is how you will get Rs 50 lakh
If you want to create a fund of Rs 50 lakh, then an investment of just Rs 1500 per month will be enough. An investment of Rs 1500 per month means savings of Rs 50 per day. According to the calculator, if you keep depositing Rs 1500-1500 every month according to the estimated return of 12%, then after 30 years, you will have a fund of about Rs 53 lakh.
Some important things
It is very important to keep in mind some important things while investing in mutual funds. As such, your investment should not stop. You have to invest continuously. Secondly, if you intend to invest in more than one SIP, do not invest in schemes of the same fund house. Rather invest in schemes of different fund houses. The money invested in equity mutual funds is invested in the stock market. The returns of a scheme are based on this.
