SIP : Many are investing in schemes that offer higher returns for their future and that of their children. One of them is mutual fund. If you invest systematically in this scheme, you can accumulate good funds in the long term.
Not only this, but if you invest in mutual fund schemes through SIP, you don’t have to worry about the fluctuations in the stock market. If you are employed and invest in SIP, it will benefit you. So after you reach retirement age, you will have enough money available for expenses.
Before investing keep in mind that this scheme involves a lot of risk. Also you should have complete knowledge about SIP. Only then you invest. Otherwise you may face a huge financial crisis. 77.9 Lakhs will get you a refund, know how.
Before investing keep in mind that suppose you can invest in mutual funds now if you expect good returns. But investing in mutual funds is very risky. But it can yield good returns. Now you can accumulate Rs 77.9 lakh by investing Rs 1200 every month. Let’s know how in detail.
For example, understand that you are 25 years old and if you have a SIP in a good mutual fund scheme, now invest Rs 1200 every month in that SIP for 35 years.
Let’s say if you get 12% return on your investment every year, then after 35 years you can accumulate a total of Rs 77.9 lakh.
The good news is that this money will allow you to live a financially independent life after your retirement. So you don’t need to depend on anyone else.
