Investments made with thought and understanding can amass a huge corpus for you in a short span of time. At present, the rate of inflation is increasing rapidly. In such a situation, you should invest your money in some good place. If you are looking for safe and guaranteed returns. In such a situation, you can get post office savings schemes, LIC, or FD in the bank. On the other hand, if you are looking for higher returns on your savings. In this situation, you can invest in the stock market or mutual funds. However, these areas of investment are highly exposed to market risks. In this episode, today we are going to tell you about that investment scheme, where you can save Rs 266 and collect a fund of Rs 88.3 lakh. Let's know -
For this, you have to choose a good mutual fund scheme. After this, you have to invest 8 thousand rupees every month by saving 266 rupees every day.
You have to make this investment for the full 18 years. Apart from this, you have to expect that you get an approximate return of 15 percent every year on your investment.
In this case, after 18 years, at the time of maturity, you will easily be able to collect a fund of Rs 88.3 lakh. Using this money, you can secure your future.
Disclaimer: The 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: Freepik)
