If you also want to save some part of your earnings for your future, then mutual funds can be a good option for you. Because it does not involve as much risk as the share market and the returns are also good. There are two ways to invest in mutual funds, one is SIP and the other is lump sum. In this news, we are going to tell you about such a plan of investing through SIP, through which you will become the owner of Rs 5 crore by investing just Rs 167 daily.
what is the plan
SIP can be a great option for all those new investors. Who want to save their money. We will tell you how by investing Rs 167 daily and Rs 5000 per month, you will become the owner of Rs 5 crore and what is the calculation of this plan.
How will the plan work?
Let us assume that you are doing a SIP of Rs 5000 per month for 25 years at the rate of Rs 167 per day in a mutual fund and you are investing 15 per cent annually. Spot up means if you are increasing your investment amount by 15 percent, then your total investment in 25 years will be Rs 1,27,67,581 and if you are getting 15 percent return on it, then it will be Rs 3,94,47,362. Both investment and returns should be added to this. That will be around Rs 5.22 crore and you will become the owner of more than Rs 5 crore in 25 years.
what is sip
Full name of SIP is Systematic Investment Plan. This is a way of investing in mutual funds. Through this, you can invest an amount in your favorite mutual fund on monthly, daily, weekly and quarterly basis. SIP increases returns through compounding and you can understand the process of your investment and returns by using a mutual fund calculator.
