MF SIP: You can become a millionaire by saving Rs 666, know what is this math of investment

If you are looking for a good investment plan for the long term. In such a situation, today we are going to tell you about a very wonderful scheme. Here you have to invest in a mutual fund scheme. Mutual Fund investments are subject to market risks. However, over the years, many people have got bumper returns from this area of investment. If you also want to get the benefit of a higher interest rate on your savings money than the returns you get in bank FD or any savings scheme. In such a situation, you can invest your money in this area of investment. In this episode, today we are going to tell you about the Mutual Fund Systematic Investment Plan, where you can collect a fund of Rs 1 crore by saving Rs 666. Let's know about it in detail -

For this, you have to choose a good mutual fund scheme and make SIP in it. After this, you have to invest Rs 20,000 every month by saving Rs 666.66 every day.

You have to make this investment for a total of 15 years. Apart from this, you have to expect that you get an approximate return of 12 percent every year on your investment.

In such a situation, you can easily collect a fund of Rs 1 crore at the time of maturity. With this money, you will be able to lead a financially independent life.

Disclaimer: 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: iStock)