How to become Crorepati: Mutual fund investors should invest only through the SIP route, because it helps in handling the monthly budget.
Crorepati Calculator: Who does not dream of becoming a millionaire. But, how to become crorepati is also not easy. Because, a millionaire does not just make you money made from the salary business. Rather your Savings make you a millionaire. Therefore it is important to invest at the right place at the right time. For this, it is important to make a strategy as well.
Often investors do not want to wait too long to become a Crorepati. Investors want quick returns. At the same time, it is also important to keep in mind that the budget of the month does not get spoiled in terms of saving. This is why SIP is the most preferred instrument mutual fund for investing in today’s era.
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First choice of investors
Especially the first choice of the Indian investor is to invest in Equity Funds. In this SIP option, you have to invest for a long period on a monthly basis. Just like you invest in PPF and other debt funds, if you invest money here, you will get more returns. One has to invest in equity fund like SIP just like PPF. But, if you look at the long term, the returns will be more.
Experts also consider it important
Feroze Aziz, deputy CEO of Anand Rathi Wealth Management, told Zee Business the benefits of SIP investment. Mutual fund investors should invest only through the SIP route, because it helps to manage the monthly budget from here. Also, people who are in the initial phase of their careers. They will not have a lump sum amount to invest, but keeping in view the long term, they can take great advantage. You can set your goal to achieve a large amount on maturity. SIP is a better option for such investors.
How and how much to invest?
In this option, if the investor invests for a long term of 30 years, he can get a return of about 15%. Assuming someone invests in SIP for 30 years and gets a 15% return, according to the SIP calculator, such an investor will get an amount of Rs 4.21 crore on maturity. But, for this it is important that you withdraw 200 rupees for SIP daily and there should be a monthly investment of 6000 rupees.
