Mutual Fund SIP: If you want to make a lot of money on a small investment, then Mutual Fund SIP can be a good investment option for you. According to the report, the investor receives a huge amount on investing in Mutual Fund. Let us tell you that investors get more benefits in Mutual Fund SIP. In this option of investing, you will get strong returns of the stock market along with this.
This formula will be useful for you
If you want to see the real power of compounding, then it is very important to invest in Mutual Fund for a longer period of time. You have to invest only 5 thousand rupees. After which you will be able to get a fund of 10 crores. For this you have to use the step-up formula. Under this formula, you also have to increase the amount of your investment annually. With the help of this formula, you will be able to create a fund of crores by doing SIP with only 5 thousand rupees.
In how many years will you get a fund of crores
Let us tell you that if you start a SIP of Rs 5000 every month, then you get a return of 12 percent on this investment. In such a situation, after investing for 36 years, a fund of 10.19 crores will be ready. To prepare this fund, you will have to do a step-up of 10 percent annually in SIP.
How much money will you get in 35 years
In such a situation, if you are doing a SIP of Rs 5000 every month, then you get a return of about 15 percent annually. Accordingly, in 35 years you will have a fund of 10.50 crores. To prepare this fund, you will have to do a step-up of 5 percent annually in SIP.