Utility News Desk!!! If you are planning to invest your savings money in a good scheme. In such a situation, this news is especially for you. You can become a millionaire by saving just Rs 1,000. A large population of the country does not have good financial education. Because of this, many people are not able to invest their savings in a good place. Today we are going to tell you about such a mutual fund scheme, where you can deposit more than Rs 1 crore by saving just Rs 1,000. It is worth noting that mutual fund investments are subject to market risks. However, this area of investment has given good returns to many investors over the years. Let us understand the mathematics of investment in detail in this series-
For this, first of all you will have to do SIP in a good mutual fund scheme and then invest Rs 1,000 every month in it. You will have to invest Rs 1,000 every month for 40 years.
During this period you can expect to earn an estimated return of 13 percent per annum on your investment. if this happens. In such a situation, you will have around Rs 1.6 crore on maturity. With the help of this money you will be able to live a financially prosperous life. You will also be able to fulfill important objectives related to your future.