If you want to collect a big fund by investing in a good place for a long time period. In such a situation, this news is especially for you. Today we are going to tell you about a very great scheme, where you can collect a big fund of Rs 62.4 lakh by saving just Rs 100. This money will work to make you financially independent in the future. In this, you have to invest in a mutual fund scheme.
Mutual fund investments are subject to market risks. However, according to experts, this can prove to be a good option for you for long term investment. In the past years, many mutual fund schemes have given good returns to investors. In this episode, let us understand how you can collect a big fund of Rs 62.4 lakh by saving just Rs 100.
In this, first of all you have to choose a good mutual fund scheme. You can create your SIP in a good mutual fund scheme with the help of a financial expert.
After creating a SIP, you have to save Rs 100 daily and invest Rs 3,000 every month in a mutual fund SIP. You will have to make this investment of Rs 3,000 per month for the entire 30 years.
During the investment period, you have to expect that your investment will get an estimated return of 10 percent every year. If the return is as per your expectations. In this situation, you will be able to collect Rs 62.4 lakh at the time of maturity after 30 years.
Disclaimer: The money invested in mutual funds is subject to market risks. Before investing in it, definitely take the advice of experts. If you invest in mutual funds without information. In this situation, you may have to face a big loss. The return on investment made in mutual funds is determined by the behavior of the market.
(PC: ISTOCK)
