If you are planning to invest your savings money in a good scheme. In such a situation, this news is especially for you. You can become a millionaire by saving just Rs 1,000. A large population in the country does not have a good financial education. Due to this, many people are not able to invest their savings in a good place. Today we are going to tell you about a mutual fund scheme, where you can collect a fund of more than Rs 1 crore by saving just Rs 1,000. It is worth noting that mutual fund investments are subject to market risks. However, this area of investment has given good returns to many investors over the years. In this series, let us understand the mathematics of investment in detail -
For this, first of all, you have to make SIP in a good mutual fund scheme and then invest Rs 1,000 every month in it. You have to make this investment of Rs 1,000 per month for 40 years.
During this period, you can expect to get an estimated return of 13 percent annually on your investment. If this happens. In such a situation, you will have around Rs 1.6 crore at the time of maturity.
With the help of this money, you will be able to live a financially prosperous life. Apart from this, you will be able to fulfill important purposes related to your future.
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)
