Experts believe that investing in mutual funds is the best way to invest for a long period i.e. above 10 years.
Who doesn’t want to be a millionaire (Crorepati)? If some investment systematic investment is made, then it is not difficult to achieve this goal. The question comes how to start? It is important to invest at the right time. Don’t have to wait too long to become a millionaire (how to become Crorepati), you can invest in just 15 years. How to become a millionaire? (How to become rich) Usually this question mostly comes to tax and investment advisor. However, the answer for investors is the same – ‘Mutual Fund is right’.
SIP is the best instrument
According to experts, Mutual Fund Calculator is very important for you. Because, it tells you that at what age you will invest (Money Making Idea) that you can meet your target. However, you may also have to deposit more money at an older age. SIP is a better instrument for this. If you start with a large amount in SIP, then you will have a large fund ready at the time of maturity.
Target will be met over a long period
To create a fund of 1 crore (Money Making Idea), one has to invest in the long term. Experts believe that investing in mutual funds is the best way to invest for a long period i.e. above 10 years. In such a mutual fund SIP, investors can get up to 12 per cent returns. It is always advisable to do SIP at the beginning of career. But, if someone has not done SIP at that time then it does not mean that his goal cannot be met. SIP can be started even 10-15 years before retirement. However, the investment amount should be large at that time.
Fund will be ready in 15 years
Assuming that if someone is running a target of 1 crore fund in 15 years and is expecting a return of 12%, then according to the Mutual Fund Calculator, invest 20,017 rupees in SIP every month. Have to do. In 15 years, the investor will invest Rs 36,03,060 and a fund of one crore rupees will be ready with the returns. As he set the goal.