If you want to invest your savings in a good place from where you get good returns, then this news is especially for you. Today we are going to tell you about a very great investment plan, where you can become a millionaire by investing only 1 thousand rupees. In this, you have to invest in a mutual fund scheme. Mutual fund investment comes under market risks.
According to experts, you can get good returns in the long term from this area of investment. For this reason many people like to invest in mutual funds for the long term. In this episode, let us understand the math of investment with the help of which you can collect a fund of more than 1 crore rupees by saving only 1 thousand rupees.
For this, after making a SIP in a good mutual fund scheme, you have to invest one thousand rupees every month in it. You will have to invest one thousand rupees every month for the entire 40 years.
During the investment period, you should expect to get an annual return of 12.5 percent on your investment every year. If the return is as per your expectations.
In this situation, you will be able to collect a large fund of Rs 1.1 crore at the time of maturity after 40 years. This money received at the time of maturity will not only secure your future but with its help you will also be able to fulfill important purposes related to your future.
(PC: Adobe stock)
