It is not wise to keep the savings money in the bank. In today's era, the rate of inflation is increasing rapidly. In such a situation, the value of your savings is gradually eroding with time. For this reason, you should invest your savings in a good scheme from where you can get good returns on that money. In this series, today we are going to tell you about mutual fund investment, where you can collect a huge fund of Rs 38 lakh by investing just Rs 2 thousand. In the last few years, many mutual fund schemes have given better returns to investors. In such a situation, the inclination of many people is now moving towards this area of investment. In this episode, let us understand in detail the mathematics of investment, from where you can collect a fund of Rs 38 lakh by saving just Rs 2 thousand.
For this, first of all, you have to choose a good mutual fund scheme. If you are going to invest in mutual funds for the first time. In such a situation, you can choose a good mutual fund scheme by taking advice from an expert.
After selecting the scheme, you have to make SIP in it and invest Rs 2,000 every month. You have to make this investment of Rs 2,000 per month for 25 years.
During this period, you have to expect an annual return of 12 percent on your investment. If this happens. In this situation, you can collect Rs 37,95,270 (approximately Rs 38 lakh) at the time of maturity after 25 years. This money will help in securing your future financially.
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)
