Money-making calculation: Everyone wants to accumulate a good fund till retirement. But this can be possible only when you make the right investment. If you are 35 years old now, then you can become a millionaire in just 25 years. This is the reason why mutual fund SIP can be a great option for you. So let's know how you can create a fund of Rs 1 crore by investing Rs 53,000 per month.
Everyone dreams of becoming a millionaire in a short time. Even if you are just 35 years old, you can easily become a millionaire by making the right investment. Actually, if you are 35 years old and have not started investment planning yet, then also you can prepare a corpus of Rs 1 crore for retirement through mutual fund SIP. So let's know how we can create a fund of Rs 1 crore.
Actually, mutual funds are a great option for those investors who want to invest with a small amount but do not want to spend time in researching the stock market. By the way, it is never right to invest by looking at the last return. So let us tell you that mutual funds do not give fixed returns, it depends on the market.
If you are 35 years old now, then you can easily create a fund of Rs 1 crore by retirement. Mutual fund SIP can be an effective option to create a fund of Rs 1 crore for retirement. Before investing, keep in mind that this market is subject to risks, but you can get funds by choosing the right scheme and investing regularly.
If you are 35 years old now and want to create a fund of Rs 1 crore by retirement, then start investing in mutual fund SIP immediately. According to the mutual fund calculator, if you do a SIP of only ₹ 5300 every month, then you will get an average return of 12% annually. That is, on the basis of an investment of ₹5300 and 12% return, a fund of 1 crore can be easily prepared.
If an investor is 35 years old and does a SIP of ₹5300 every month in a mutual fund, then in 25 years his fund can grow to around ₹1,00,57,466. In this investment, a total of ₹15,90,000 will be his investment fund. While the remaining ₹84,67,466 will be the estimated return, based on 12% annual return, you will get this fund of 1 crore. This investment is a smart and effective way to prepare a retirement fund. (The news is based on general information... Consult an expert before investing in SIP)
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