Becoming a millionaire is not that difficult, by investing in SIP, even a person with a salary of Rs 20,000 will become a millionaire.
If you also want to invest your money in a scheme where you can become a millionaire, then you can invest your money in mutual fund SIP. To become a millionaire by investing in a mutual fund SIP, you have to invest regularly for a long time.
Every person wants to be a millionaire but everyone can't earn so much. If you want to become a millionaire, your monthly salary doesn't need to be very high. One can also become a millionaire by investing money in a good place. However, it takes some time. There are many options available in the market to invest. These include many options like government schemes and bank FD. Most people choose this option to invest but by investing in it you can get a maximum return of up to 9 percent.
If you also want to invest your money in a scheme where you can become a millionaire, then you can invest your money in Mutual Fund SIP. To become a millionaire by investing in Mutual Fund SIP, you have to invest regularly for a long time. In this, you can start investing from only Rs 250 per month. In such a situation, even a person with a low salary can become a millionaire by investing in it.
A person with a salary of Rs 20,000 will also become a millionaire.
If your salary is Rs 20,000 per month, then also you can become a millionaire by investing a little bit every month in a Mutual Fund SIP. You should save Rs 4000 from your salary every month and invest regularly in Mutual Fund SIP. You have to continue this for 28 years continuously. If you get a return of even 12 percent, then you will get Rs 1,10,34,339 after 28 years. Your investment in this will be only Rs 13,44,000.
