Rs.10,000 per month is enough, You may become a millionaire
Rs.10,000 per month is enough, you may become a millionaire..As the countries of the world are stuck in the grip of inflation, investors are thinking of investing in projects with huge profits beyond inflation. However, many people are not fully aware of what to invest in. Will the expected return be achieved even if the investment is the same? Is the investment safe? is also a big question. Which is usually right in the long run? Let’s see.
Aditya Birla Sun Life Savings Fund :
Experts generally recommend that mutual funds are the best option to build a large corpus for the long term. So what we want to look at today is mutual funds. Aditya Birla Sun Life Savings Fund is an open ended scheme. It is a product that invests in equity and debt securities. It is a hybrid fund. So salaried people who want to split your investment can do it. So salaried people who want to split your investment can do it.
Hybrid bunt :
Through this fund you can invest in many projects including stock market, debt market, money market. It means less volatility. Considerable income will also be available. This fund was launched on November 28, 2014. It will complete 8 years soon. It has generated a CAGR of 7.21% since its launch.
How much are the ratings?
Morning Star has given this product 2 stars. This fund has given a return of 7.24%. If we had invested Rs 10,000 in cash at the time of introduction of this fund, it would have increased to around Rs 17,000. It has given a return of 5.84% in last 5 years. An investment of Rs 10,000 could have increased to Rs 13,000.
SIP investment :
If you have invested Rs 10,000 in the last 3 years, today its value is around Rs 12,000. The same has been -1.02% in the last 1 year. If this same fund has returned 7.21% since inception and invested Rs 10,000 through SIP, your investment would have increased to Rs 9.6 lakh and the corpus would have increased to Rs 12.88 lakh.
Should it be like this?
While investing in mutual funds is generally seen as an easy matter, there is confusion about which funds to choose. For example, the fund you choose should be able to outperform inflation. First of all, what is your goal? In how many years should it be achieved? Plan and invest including how much to invest for it.
Also Read : Best Term Insurance Benefits In English 2022
Check frequently :
We have invested. Abba, we should not be left with the fact that our duty is over. Is it as often as you thought? If not, it is your duty to adjust your portfolio. If you do that, you can easily reach your goal. We have invested. Abba, we should not be left with the fact that our duty is over. Is it as often as you thought? If not, it is your duty to adjust your portfolio. If you do that, you can easily reach your goal.
Corpus target :
For example after 20 years I want a corpus of Rs 1 crore. This should be done for my son’s wedding house. Let’s say how much should I invest in that case.
1 crore target :
If you want a corpus of more than Rs 1 crore after 20 years, you will need to invest Rs 10,000 per month. Let’s say your return expectation is 15%. If you continue this for 20 years, you will have invested 24 lakh rupees. Your corpus is around Rs 1.5 crore. Assuming less income, you may have to increase your investment.