By Admin 
Sip investment: Usually, a person tries to keep some part of the amount of saving every month so that the future can be secured. However, if you can save money every month with rising inflation, there is not a mumkan for everyone, but if you also collect 5000 every month with the budget and strictly follow it, then your dream of becoming a millionaire in the coming time can also be fulfilled.
Tremendous returns on investment
You can turn your dream of becoming a millionaire in a few years by putting money in SIP and getting tremendous returns on investment. Returns on investment in mutual funds are available annually at the rate of 12 percent. If you invest in SIP for 27 years every month, then according to 12 percent you will deposit Rs 1.08 crore. During this time your investments will be Rs 16,20,000, while earnings from returns will be Rs 91,91,565. Overall, you will deposit Rs 1,08,11,565 (1.08 crore).
Will collect so much on 10000 investment
On the other hand, if you invest a little saving in 10000 SIP instead of 5000, then you will become a millionaire in just 21 years. During this period, the amount invested will be Rs 25,20,000 and the income from the return will be Rs 79,10,067. That is, you will deposit Rs 1,04,30,067 (1.04 crore) in 21 years. The sooner the investment starts, the more you will get benefit, so most investors recommend making money from an early age so that you get a tremendous benefit of power of compounding in the long term.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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