Utility News Desk!!! We are all worried about our future. However, due to lack of good financial planning, people are not able to accumulate a good amount in post-retirement life. In such a situation, they have to face many problems financially at this stage of life. In such a situation, today we are going to tell you about a very wonderful investment plan, where you can deposit a fund of more than Rs 1 crore by investing just Rs 5,000. In this you will have to invest in mutual fund scheme.
Mutual Fund investments are subject to market risks. However, many mutual fund schemes have given good returns to investors over the years. In such a situation, you can invest here to secure your future. In this category, let us understand that you can get Rs. By investing Rs 5,000. How can we raise Rs 1.4 crore? let us know –
For this you will have to choose a good mutual fund scheme and do SIP in it. After doing SIP, you will have to invest Rs 5,000 every month. You will have to invest Rs 5,000 per month for 30 years. During this period, you should also expect that your investment will earn an estimated return of 11 percent per annum. So, at maturity you will have around Rs 1.4 crore.
With the help of this money, you will be able to live your life financially strong. You will not need to depend on any other person. Disclaimer: Money invested in mutual funds is subject to market risks. Be sure to take expert advice before investing in it. If you invest in mutual funds without knowledge. In such a situation, you may suffer a big loss. Returns on investment in mutual funds are determined by market behavior.