Let us tell you that if your salary is between 25 thousand to 35 thousand rupees, you can easily make a big fund by following this simple trick. Let's know about it in detail.
If you want to earn big with less income then you can do it through SIP. This may be the best method for you. If you regularly invest a fixed amount every month in a mutual fund SIP, the initial investment is very small. This helps you accumulate larger funds over a longer period of time as you get the benefit of compounding.
If your salary is 25 thousand rupees, meet your investment goal by saving 15 to 20 percent of your salary every month. In such a situation, suppose if you invest Rs 4,000 per month in an equity mutual fund scheme through SIP and you get 12 percent return on it. In such a scenario, it will take you a little over 28 years to save Rs 1 crore. Provided that you are investing without any constraints.
If you invest Rs 5,000 every month, you will accumulate Rs 1 crore in 26 years. When you pay monthly Rs. 7500 i.e. 30 percent of your salary, if you invest, you will be able to save Rs 1 crore in 23 years.
If you want to deposit Rs 1 crore, don't wait till 28 years. In such a situation, you should increase the SIP amount by 10 percent every year. Increase this amount every year as your salary increases. If you do this, in 22 years you will be able to raise funds from Rs 4,000 to over Rs 1 crore.
Note: The information provided here is for your information only. Invest after consulting experts.
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