If you want to accumulate a good amount of funds by investing in the long term. In such a situation, you should invest in mutual funds. It is worth noting that in today's time, the pace of inflation is increasing rapidly. In such a situation, you do not get that much interest rate on the money deposited in the bank. Whereas in mutual fund investment, you are more likely to get good returns as compared to other schemes. Over the years, many mutual fund schemes have given annual returns of more than 15 percent. In such a situation, mutual fund can become a great investment option for you. In this series, today we are going to tell you about the mathematics of investment, with the help of which you can collect Rs 22.9 lakh in 15 years. Let us understand about it in detail -
For this, first of all, you have to make SIP in a good mutual fund. If you are investing in this sector for the first time. In this situation, you can choose a good mutual fund scheme by taking expert advice.
After making SIP, you have to start investing Rs 5,000 every month. You have to make this investment of Rs 5,000 per month for 15 years. If you get an estimated return of 11 percent annually on this investment.
In this situation, you will easily be able to collect Rs 22.9 lakh at the time of maturity after 15 years. With this money, you can marry your children or get them higher education. Apart from this, you can also fulfill your future-related purposes with the help of this money.
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)
