If you do not do any good financial planning for your future, then many types of financial problems start troubling you in life after retirement. Due to this, a person is forced to depend on another person at the financial level. Given this, many people invest in small savings schemes. By investing here, you do not have to face the dangers of any kind of market risk. However, you do not get that good return by investing here. If you want to get a good return on your savings money, then you can invest it in mutual funds. In this episode, let us understand the mathematics of investment with the help of which you can secure your future by investing five thousand rupees and collecting about 95 lakh rupees.
For this, first of all you have to choose a good mutual fund scheme. You can also choose a good mutual fund scheme by taking the help of an expert. After choosing a mutual fund scheme, you have to make a SIP in it.
After making a SIP, you have to invest about five thousand rupees in it every month. You will have to make this investment of five thousand rupees per month for the entire 25 years.
During this time, you also have to expect that your investment will get an estimated return of 12 percent every year. If the return is according to your expectations for 25 years. In this situation, you will be able to collect Rs 94.9 lakh. With the help of this money, you will be able to live your life after retirement financially strong.
Disclaimer: The money invested in mutual funds is subject to market risks. Before investing in it, 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)
