By Admin 
If you also want to collect a lot of money in a long time, then you will not work only with savings, you will also need financial discipline and a smart investment strategy. Nowadays, Systematic Investment Plan (SIP) has become very popular among investors in mutual funds. If you want to make big funds from small monthly investment, SIP can be a great option.
sip can become magical lamp
The biggest advantage of SIP is the power of compounding, that is, the earnings from your money starts earning further. But keep in mind, the duration of investment in SIP means how long you invest, it has a big role. The longer the investment, the more possible returns.
2 crore funds will be formed in how many years?
If you also plan that a fund of Rs 2 crore is to be prepared in the next 15 years, then for this you have to make some strategy and decide the monthly investment in the right way. Suppose you get an annual return of 12 per cent on an average, then to achieve this target, you will have to invest around 42,100 every month.
By doing this your total investment will be Rs 75.78 lakh. Apart from this, the total interest/return will be Rs 1.24 crore. At the same time, after 15 years, the total value will be Rs 2 crore. That is, if you put 42,100 in SIP every month and get a return of 12 per cent annually, then your dream can come true in 15 years.
where to invest?
Equity mutual funds are considered the best to achieve such a goal. Especially large-cap funds can give returns ranging from 12 per cent to 16 per cent annually. If you can take a little more risk, you can also invest in mid-cap and small-cap funds, where historical figures show that the possibility of returns can be even more. But remember, the risk is also high with mid and small-cap funds.
Advice for Conservative Investors
If you want to avoid risk, then you can make a balance of large, mid and small-cap funds and also put some money in safe assets like gold, dabt funds or real estate. This will keep your portfolio diversified and reduce the effect of the market uproar.
disclaimer: (Here information provided is being given only for information. It is necessary to tell here that the investment market is subject to risks. Always consult an expert before investing money as an investor. Never is advised by Abplive.com to invest money here.)"Text-Align: justify;"> Read also: Intel Layoff: This IT company is going to be a big retrenchment, resignation can be taken from thousands of employees!