You can't save Rs 1,000 per month? Most people believe that one thousand rupees is not a big amount at all these days. Even a child can save up to Rs. In other words, people everywhere, be it village or city, can save 1,000 rupees a month.
In fact, while everyone can save Rs 1,000 per month, you can get more than Rs 2 crore by investing this amount in the right place. But often people say that investing Rs.1000 will not do anything.
They argue that there should be a huge amount to invest. In this situation, they do not have big money, nor can they invest. Year after year passes in this instability and they are left empty-handed on the investment front.
If you haven't invested in this idea for a long time, change the habit of the new year. You can start with a small investment and achieve big goals. You can become a millionaire by having a Systematic Investment Plan (SIP) in a mutual fund for just Rs.1000 per month. So, from 2022, you must start investing with just Rs 1,000 per month.
Let's find out how to raise more than Rs 2 crore by depositing Rs 1,000 per month. You cannot achieve this by keeping money in the bank. You have to deposit Rs.1000 / - per month in the mutual fund. Mutual funds have given excellent returns over the last two decades. Some funds have returned up to 20 percent.
If you invest Rs.1000 per month for 20 years and get a 12% annual return on it, then after 20 years you will get a total of Rs.9,99,148 (about Rs.10 lakhs). In 20 years, you have to deposit a total of Rs.240,000.
Now if you get a 15% return on this investment, you will get more than 15 lakhs (Rs. 15,15,995). On the other hand, according to the 20 percent return, with an investment of Rs. 1,000 per month after 20 years, a total of Rs.31,61,479.
But if one is young then he can easily invest 30 years. In such a case, on a SIP of Rs 1,000 per month after 30 years, he will get a total of Rs 35,29,914 at a rate of 12 percent return. At the same time, if the interest is a little higher, that is, the return is at the rate of 15%, then he will get 60 lakh.
Also, there is a possibility that if there is a 20 percent return on 1000 months of investment, after 30, he will get a total of Rs 2,33,60,602 (over Rs 2 crore). In these 30 years, the investor has to deposit only 3 lakh 60 thousand rupees.
It is noteworthy that investing in mutual funds earns compound interest. In addition to this, there are investment benefits every month. You can invest at least Rs.500 / - per month in a mutual fund through SIP. Seek the help of a financial advisor before investing anywhere. Seek the help of a financial advisor before investing anywhere. Investing in mutual funds also carries risk.
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