Financial planning is very important to fulfill your dream. Most people plan to invest in SIP.
SIP is a way to invest in a mutual fund, under which you can earn big profits by investing a fixed amount.
You can start investing with a small amount in SIP, which can provide a large investment amount in the long run.
SIP in a mutual fund is Rs. 1000 to Rs. Up to 1 lakh can be started.
If you have Rs. Even if you have a savings of 5000, you can save a lot of money from this amount.
Suppose you get Rs. Start a monthly SIP of 5000 and keep investing for 20 years without any interruption.
Now let's assume that you are getting an average interest rate of 12% annually on your investment and then count.
After 20 years, you will have a total of ₹ 45,99,287. The amount invested in this will be ₹ 1200,000 and the interest income will be ₹ 33,99,289.
If we calculate at 15% interest, this amount will be ₹ 66,35,367, with only interest income ₹ 54,35,367. (Note: The information provided here is only for your information.
Best LIC Policy to raise Rs 25 lakh fund by saving big earnings, saving Rs 45 per day
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