How to become rich with a SIP of Rs 1000: It is not necessary to be rich already to be rich. This thing should be tied up. It is necessary to start investing little by little and try to become rich soon.
Mutual funds give very good returns, and investing here can also be started with little money. If anyone wants, he can start a SIP of Rs 1000 a month. If this investment lasts for a long time, then you can easily become rich.
Here we are telling how much funds can be generated in 10 years, 15 years, and 20 years with a monthly SIP of Rs 10000. Along with this, it is also being told that if only Rs.1000 per month SIP is done, then how much funds will be generated, and if the SIP of Rs.1000 is increased by 20 percent every year, then how much funds will be generated? Along with this, information about the returns of the top 5 mutual funds is also given at the end.
First, know how much funds will be created in 10 years. If a monthly SIP of Rs 1000 is done in a mutual fund scheme, then a fund of about Rs 2.25 lakh will be ready. But if the investment is increased by 20% every year, then in 10 years a fund of about Rs 5 lakh will be ready. It is assumed here that the mutual fund scheme gives an average return of 12% every year.
Now know how much funds will be created in 15 years. If a monthly SIP of Rs 1000 is done in a mutual fund scheme, then a fund of about Rs 5 lakh will be ready. But if the investment is increased by 20 percent every year, then in 15 years a fund of about Rs 15 lakh will be ready. It is assumed here that the mutual fund scheme gives an average return of 12% every year.
Wherein now know how much funds will be ready in 20 years. If a monthly SIP of Rs 1000 is done in a mutual fund scheme, then a fund of about Rs 10 lakh will be ready. But if the investment is increased by 20 percent every year, then in 20 years a fund of about Rs 45 lakh will be ready. It is assumed here that the mutual fund scheme gives an average return of 12% every year.
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