Investment Tips: Invest 1000 rupees per month and get upto 2 crores in return with SIP Mutual funds
By Lokmat English Desk | Published: December 29, 2021 05:08 PM2021-12-29T17:08:24+5:302021-12-29T17:08:24+5:30
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In today's time savings are the top most important thing that everyone should do, this corona period taught everyone what savings actually means. And saving 1000 rupees per month is nothing.
If you save 1000 rupees per month in the scheme you can get up to 2 crores of returns, there is no need to do big investments.
Investing 1000 rupees is nothing for anyone, and no one has to think twice before investing this small amount.
Investing your small amount in mutual funds can also make you a millionaire.
In the last two decades, Mutual funds have given the best returns there are some funds that have raised up to 20 percent, so investing your 1000 rupees in Mutual funds can be beneficial for you.
See the big returns of Mutual funds
If you invest 1000 rupees per month in Mutual funds by the year you will get 12% annual interest on it.
Returns if you invest for 30years
If you invest your 1000 rupees for 30 years so by the 12% of the interest you will get around 30 lakhs in return.
If you get a 15% return during this period, the amount will go up to 70 lakhs. And if you get a 20 percent return, the amount will go up to Rs 2.5 crore. Interesting thing is that you have to deposit only 3 lakh 60 thousand rupees during this period.
Note
You can invest a minimum of Rs.500 per month in SIP. Choose your type of fund with the help of a financial advisor, and most importantly, Mutual Funds are also risky.
