SIP will make you a millionaire! Earn crores in returns by investing just Rs 2,000 every month.
A monthly SIP of Rs 2,000 can create a corpus of Rs 1.59 crore. To achieve this, you need to keep a few key factors in mind. Learn how this small investment can yield significant returns.
SIP Investment: Simply earning money isn't enough to accumulate a substantial corpus in life. Investing the earned money in the right place is even more important. It's often seen that people with ordinary jobs or businesses, with limited income, build wealth through long-term and wise investments. However, some people lack knowledge of investment options and make wrong decisions with their money, resulting in financial losses. Therefore, before investing, you should be aware of the investment options available in the market so that you can maximize your returns. If you're looking for an option that can generate good returns over the long term by investing small amounts, you should consider a mutual fund SIP.
SIP in Mutual Funds
SIP in mutual funds is ideal for those willing to invest for the long term. If you have a small amount and invest a small amount every month, you can accumulate a substantial amount over the long term through SIP. The most important thing about SIP in mutual funds is that you can start your SIP journey with a small investment of ₹250 to ₹500.
Market experts believe that SIP in mutual funds can yield returns of up to 12 percent annually. However, this investment is subject to market risks, so don't be afraid of market fluctuations. Long-term investments can yield significant returns.
A monthly SIP of Rs 2,000 can create a fund of Rs 1.59 crore.
A monthly SIP of Rs 2,000 can create a fund of Rs 1.59 crore. To achieve this, you need to continue investing for 30 years and increase your investment by 10% every year. This goal can be achieved if you start investing early.
Disclaimer: (The information provided here is for informational purposes only. It is important to note that investing in the market is subject to market risks. As an investor, always seek expert advice before investing. India Employment News never recommends investing here.)
