Mutual Fund SIP Calculator: Today we will tell you about a scheme of Mutual Fund, in which after investing money you can easily become the owner of crores.
Mutual Fund Investment: Nowadays everyone is investing money in various schemes to increase their wealth. Today we will tell you about a Mutual Fund Scheme, in which after investing money you can easily become the owner of crores. We all know about the power of compounding and how fast it increases your money. At present, Mutual Fund SIP is being liked a lot by investors.
Which mutual fund will give good returns?
If you invest some money in SIP continuously i.e. every month, then investors get a lot of benefits in the long term. The popularity of SIP is increasing in the market, due to which many companies are bringing new mutual funds in the market. Before investing, you should know which mutual fund can give you good returns.
Today we will tell you about such a Mutual Fund, through which you will become the owner of Rs 1 crore. Let us tell you which fund you will have to choose for this-
Getting minimum 12 percent return
Before choosing any fund, you should check its past returns. You should choose such a fund which will be giving returns of around 12 percent every year. You can become a millionaire by investing Rs 100 every day in this type of fund.
Have to invest Rs 3000 every month
If you invest Rs 100 every day i.e. Rs 3000 a month and if you do this continuously for 30 years, then you can easily become a millionaire. Let us tell you with the SIP calculator of Groww App how much money you will get after 30 years-
Crore mark will be crossed
For example, suppose you invest Rs 3000 every month and you get interest at the rate of 12 percent every month on your deposit, then both your deposit amount and returns combined will cross the figure of one crore.
If you deposit Rs 3000 every month, then in 30 years your invested amount will become Rs 10,80,000. At the same time, if you get 12 percent return on it, then your interest will be Rs 95,09,741. Now your invested amount and returns together will be Rs 1,05,89,741. Apart from this, if you get returns at the rate of 13 percent then you will become a millionaire in just 28 years.
Invest at your own risk
Let us tell you that investing in Mutual Funds involves good returns as well as risks. If there is a rise in the market, your money will increase, whereas if there is a fall, your portfolio may go into the red, so you have to invest at your own risk. Apart from this, before investing money, you should also consult your advisor.
