Investment is a means by which you can collect a good amount of funds for yourself in a short time. It is worth noting that today you have many investment options available from where you can get good returns. On one hand, by investing in government savings schemes, you do not have to face the dangers of market risks. However, here you get a limited amount of returns. On the other hand, by investing in the stock market and mutual funds, you can get better returns than these schemes. However, these areas of investment are subject to market risks. If you want to invest in a good scheme to get better returns in the long term. In such a situation, a mutual fund can prove to be a good option for you. Many investors have got good returns in the past years through this medium of investment. Let us know about it in detail -
In this series, let us understand the mathematics of investment with the help of which you can collect a fund of Rs 43.7 lakh by investing just Rs 5,000. For this, you have to invest in mutual funds by making SIP.
After making SIP, you have to invest five thousand rupees every month. You will have to make this investment for a full 20 years. During this period, you have to expect that your investment will get an estimated return of 11 percent every year.
In this situation, you can easily collect a fund of Rs 43.7 lakh at the time of maturity after 20 years. This money will help to secure your future.
Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in this, take advice from experts. If you invest in mutual funds without knowledge. In this situation, you may have to face a big loss. The returns on investments made in mutual funds are determined by market behavior.
(PC: iStock)
