If you are worried about your life after retirement. In such a situation, this news is especially for you. It is often seen that after retirement, financial problems start troubling the lives of many people. In such a situation, they are forced to be financially dependent on someone else. Whereas if you invest your small savings in a good scheme while working. In such a situation, you can accumulate a good amount of money by the time of retirement. In this series, today we are going to tell you about a mutual investment scheme, whereby saving just five thousand rupees, you can accumulate a huge fund of Rs 1.1 crore by the time of retirement. In this connection, let us understand this mathematics of investment in detail -
In this, you have to first select a good mutual fund scheme and make SIP in it. After making SIP, you have to invest five thousand rupees every month.
You have to make this investment of Rs 5,000 per month for 30 years. During the investment period, you also have to expect that your investment will get an estimated return of 10 percent every year.
In such a situation, at the time of maturity, you will have a fund of Rs 1.1 crore. With this money, you will be able to fulfill all the important purposes related to 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)
