Investment Tips for Homemakers: Housewives do not get a salary every month, so whatever money they have, they often keep in their wallet and that money gets spent somewhere. But instead of depositing in the wallet, if they invest even a small amount, they can earn lakhs of rupees sitting at home.
In today’s time, there are many schemes that give good returns in the long run and you do not need to go anywhere to invest in them, all the work can be done online from home. To get the online facility, you must have a bank account because the money will be automatically deducted from this account every month. If you save and invest just Rs. 500 every month, you can accumulate up to Rs. 5,00,000 in a few years.
Where to invest?
Rs. 500 is such a small amount that anyone can easily save. If women invest just Rs. 500 every month in SIP, then within a few years they will become the owner of lakhs of rupees. Money is invested in Mutual Funds through SIP. In this, the average return in the long term is considered to be 12 percent, which is much better than any other scheme.
Also Read –SIP or PPF – Where Can You Get Higher Interest? Find Out Here
In how many years will it be 5 lakhs?
If women invest 500 rupees for 20 years, then they will invest a total of 1,20,000 rupees, but according to 12 percent return, the interest on it will be 3,79,574 rupees. In such a situation, the total investment amount and interest amount will be 4,99,574 rupees, that is, you will get about 5 lakhs rupees. On the other hand, if you are able to invest 1,000 rupees instead of 500 rupees every month, then at 12 percent return, you will add 5,04,576 rupees in 15 years and with a nominal investment of 1,000 rupees, you will add 9,99,148 rupees in 20 years. With the help of this small amount of investment, you can make yourself a millionaire in this way.
Disclaimer: Investments in mutual funds are subject to market risks. Please do your own research or consult your advisor before investing.