Everyone wants to live a financially prosperous life after retirement. However, due to a lack of a good understanding of investment, many people invest their money in some place from where they do not get much return. Due to this, at the time of maturity, people are not able to collect money as expected. On the other hand, if we tell you that you can collect a huge fund of Rs 4 crore by saving just Rs 300. You will find it a bit strange to hear this, but it is possible with the help of long-term investment and compound interest. It is to be noted that mutual fund investments are subject to market risks. However, in the last few years, investors have got tremendous benefits from mutual funds. In this episode, let us know in detail about this scheme –
For this, you have to choose a good mutual fund scheme and make SIP in it. After this, by saving 300 rupees every day, invest 9 thousand rupees in mutual fund SIP every month.
You will have to make this investment for a total of 30 years. Apart from this, you have to expect that you get an approximate return of 13 percent every year on your investment.
If you invest with this 10 10 10 formula, you can become a millionaire.
In such a situation, after 30 years, at the time of maturity, you will easily be able to collect a fund of Rs 4 crore. With the help of the money received at the time of maturity, you will be able to live a financially independent life after retirement.
Disclaimer: Money invested in Mutual Funds is subject to market risks. Take expert advice before investing in it. 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 the behavior of the market.
(PC: iStock)
