SIP CALCULATOR: You can become a millionaire by investing only 5 thousand per month, read this news
We all know where bank interest rates are currently falling. Post office interest is slightly higher. In this case, many are worried about where to spend their money. The only place to invest there is mutual funds. But many will say that some measures will be taken for those whose financial situation is not so good. You can become a millionaire in 26 years by investing only 5 thousand rupees per month. Just make sure that the company you are investing in is reliable.
It has been observed that most mutual funds give returns of 40 to 90 percent per annum. Axis Spool Cap has given a return of 41.63 percent in the last so many years. Aditya Birla Sun Life gave 89.52 percent. Popular mutual fund Parag Parikh Flexi Fund gave 38.5 percent. Nippon India Small Cap Fund gave 55% to 58%. Kotak Equity Opportunity Fund gave 54.21 percent. Axis Midcap Fund gave 46.48 percent.
If anyone is afraid to invest here, it is better to inform them, start investing only 5000 taka per month from this year. After next 26 years your total investment will be Rs 15.6 Lakhs. If you are given interest at the rate of 12 percent, then your amount of this money will be 91.96 lakhs. So it won’t be too bad if you get this money in 2050. Then it won’t be too late to become a millionaire. So don’t wait and start investing slowly now.
SIP CALCULATOR
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