There are only a few days left for Diwali to come. This year Diwali will be celebrated on 31st October. In this episode, today we are going to tell you about a very great investment plan, where on the auspicious occasion of Diwali, you can invest just 5 thousand rupees and collect a big fund of Rs 1.3 crore at the time of your retirement.
This money will meet your financial needs in the future. In this, you have to invest in a mutual fund scheme. It is worth noting that mutual fund investments come under market risks. On the other hand, if you invest in this scheme in a planned manner, then you can get a good return from here. In this episode, let us understand the mathematics of investment with the help of which you can collect Rs 1.3 crore by investing five thousand rupees. Let's know -
Suppose you are 30 years old. In such a situation, you have to make a SIP in a good mutual fund scheme at the age of 30. After creating a SIP, you have to invest Rs 5,000 every month in it.
You have to invest this Rs 5,000 per month for the entire 30 years. During the investment period, you also have to expect that your investment will get an estimated return of 11 percent annually.
If the return is as per your expectations, then you will be able to collect Rs 1.3 crore at the time of maturity after 30 years. This money will empower you financially in the future.
(PC: Adobe stock)
