Retirement Planning: If you start investing by saving Rs 50 every day from now, you can accumulate crores of rupees by the age of retirement.
Investment in Young Age: Many investment options have opened up in modern times. If investment is started in young age itself, then there is no problem later on. Most of the people start their investment option at an older age, due to which they lose the chance to accumulate a good amount.
Crores of rupees can be made by investing in low edge. It is told here that if you start investing only 50 rupees every day with SIP of mutual funds, then till the age of retirement you will get crores of rupees. If you are in class 10 or 12 then there is a good chance for you to deposit crores of rupees.
Investing Through SIP From Class 10
If you are a student and want to invest from class X, then you can start saving Rs.50 per day. 50 rupees every day means 1500 rupees per month will be deposited in your account monthly. This amount can be good for mutual funds every month.
How much amount will be deposited
According to the calculation, by investing 1500 every month for 45 years or till the retirement age of 60 years, a person can deposit a huge amount of Rs 3.32 crore, with an annual return of 12%. If this return remains 10%, then by the age of 60 your deposit amount will be Rs 1.5 crore.
Investing after class 12
If you start investing through SIP after class 12. If your age is between 17 to 19 years and every month’s investment is Rs 1500, then till the age of 40 years you can get Rs 1.78 crore at 12% return. At the same time, at the annual return of 10 percent, Rs 95 lakh can be collected till the age of 60 years. However, if you want to invest without risk, then you can invest in government schemes like PPF NSC.
Disclaimer: (The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. businessleague.in It is never advised to invest money here.)
