New Delhi: Mutual funds are becoming a medium to provide financial strength for the future. People are completing the path of becoming rich through mutual funds. Anyway, it works to provide facilities like SIP. You will get what you do not get in a normal FD or RD in mutual funds.
People are also moving towards mutual funds because here you get more profit along with a safe investment. However, the income from here depends on the ups and downs of the market. The investor gets a minimum return of Rs 12 to 14 lakh in this. If you want to collect a fund of up to Rs 10 lakh in this, then how will you have to invest? You can know in detail below, where all the confusion will end.
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How to create a fund of Rs 10 lakh?
Suppose a person invests Rs 2,000 monthly in a SIP, then he will have to invest for 16 years to create a fund of up to Rs 10 lakh at the rate of 10% return. In these 16 years, a person will need to invest Rs 3,84,000. In this, you will easily get Rs 7,07,619 in return.
Apart from this, if a person invests Rs 3000 every month in SIP, then he will get more than Rs 10 lakh after 13 years at the rate of per cent return. In these 13 years, you would have invested Rs 4,68,000. Along with this, you will get a return of Rs 6,05,501. You will get a return.
You will get strong returns even in 10 years
If you invest Rs 5000 every month in the government’s mutual fund scheme, then after 10 years you will get a profit of Rs 11,20,179. In these 11 years, you will need to invest Rs 6 lakh. Along with this, you will easily get Rs 5,20,179 as a return.