Through investment, you can collect a good amount of funds in a short time. It is worth noting that to get good returns on investment, you need to understand investment. In this series, today we are going to tell you about mutual fund schemes, where you can get good returns by investing. It is worth noting that there is a high risk of market risks in this area of investment. However, the chances of getting returns from here are also quite good. Many mutual fund schemes have given excellent returns in the past years. It is important to keep many things in mind while investing in a mutual fund scheme. In this series, let us understand the mathematics of investment, with the help of which you can collect Rs 1.4 crore by investing Rs 5,000.
For this, first of all you have to select a good mutual fund scheme. After that SIP has to be made in it. After making SIP, you will have to invest Rs 5,000 in it every month.
You have to invest Rs 5,000 every month for 30 years. Apart from this, you have to expect that your investment will get an estimated return of 11 percent every year.
In this case, you can collect a total of Rs 1.4 crore at the time of maturity. With this money received at the time of maturity, you will be able to live a financially independent life.
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)
