Most of us are worried about our future. Many people invest in small savings schemes to secure their future financially. It is worth noting that this area of investment is safe. However, we do not get that good returns from here. In today's times, the rate of inflation is increasing very fast. In such a situation, you can invest your savings in mutual fund schemes. This area of investment is subject to market risks. However, the chances of getting returns from here are good. Over the years, many mutual fund schemes have given good returns to investors. In such a situation, you can make SIP in mutual funds to secure your future. In this series, let us understand how you can collect Rs 33.4 lakh by saving Rs 5,000. Let us know -
For this, first of all, you have to choose a good mutual fund scheme. After that, you have to make SIP in it. After making SIP, you have to invest five thousand rupees every month.
You will have to make this investment of Rs 5,000 per month for 17 years. During this period, you will also have to expect that your investment will get an estimated return of 12 percent every year.
If the returns are as per your expectations. In this situation, you will easily be able to collect Rs 33.4 lakh at the time of maturity. With this money, we will be able to live our future life well on a financial level.
(PC: ISTOCK)
