While working, most of us start financial planning to secure our life after retirement. If you do not financially secure your post-retirement life. In such a situation, you may have to face many types of financial problems. For this reason, many people save their money along with their job, get it in FD, or invest it in a small savings scheme for a long time. It is worth noting that we do not get good returns from these areas of investment. In this series, today we are going to tell you about mutual fund investment, where you can collect Rs 1.6 crore at the time of maturity by investing just Rs 1,000 per month. Let us understand this mathematics of investment in detail -
Suppose you are 20 years old. During this time, you have to choose a good mutual fund scheme and make SIP in it. After making SIP, you will have to invest Rs 1,000 every month in it.
You have to make this investment for a full 40 years. During this period, you have to expect that your investment will get an estimated return of 13 percent every year.
In such a situation, after 40 years your age will be 60 years. During that time at the time of maturity, you will get around Rs 1.6 crore. With this money received at the time of maturity, you can completely secure 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)
