SIP Investment Plan: People get very low returns by investing in banks, post offices and other places. But here we are going to tell you about such investments. Where returns up to 12 percent have been given in the last several years. Actually we are talking about Systematic Investment Plan (SIP) where you can invest minimum Rs 10 per day to maximum Rs. If you deposit Rs 3,500 every month in SIP from the age of 30, then at the time of retirement you will have a corpus of Rs 1.23 crore. Let us know about this calculation….
What is SIP? Investing in mutual funds is done through SIP. It works like a bank RD, as money is deposited every month in a bank RD. Similarly, SIP is also invested every month. But the most important thing in this is that SIP gives more returns than bank RD. Explain that compounding interest is given on investing in SIP. Let us know how many types of SIPs are there and how one can invest in it.
How many types of SIP are there? There are three ways one can invest in SIP. If you are a small businessman and your daily cash work, then you can invest in Daily SIP. Earning daily in this can be invested according to your need. After this comes Weekly SIP, in which investment can be made four times a week. Small investors can get big profits through this plan. Along with this, there is also a lot of risk involved in this.
At the same time, monthly SIP comes at number three, in this employed people invest. Those people whose salary comes at the beginning of the month can invest in SIP once a month. In Monthly SIP, you can invest as little and as much as you can.
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By investing in SIP, you will get a fund of Rs 23 crore – If you invest Rs 3,500 in SIP every month from the age of 30, you will get a corpus of Rs 1.23 crore on retirement after 30 years. Let us tell you that in the last few years, a minimum return of 12 percent has been received in SIP. By investing Rs 3,500 for 30 years, you get a total investment of 12,60,000. On which an interest of Rs 1,10,94,698 will be available and a total return of Rs 1,23,54,698 will be given.