Sip investment plan: If your salary is ₹ 30,000 per month and you think it is impossible to become a millionaire in such a low income, then the time has come to change the thinking. Just a little discipline, right plan and investment habit – these three things can make you financially free in future.
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Why is investment in low income also necessary? (SIP Investment Plan)
Despite having less income, if you use a little savings every month as investment, then over time this small amount can be converted into a big property. Investment is not only for the rich, but also for middle class and lower income people.
SIP: Small part of earning, big advantage (SIP Investment Plan)
SIP (Systematic Investment Plan) is a tool that allows to invest a fixed amount every month in mutual funds. Its special thing is that you can start with only ₹ 250, and gradually increase the amount.
If your income is ₹ 30,000 per month, then you can easily invest ₹ 4,000 and invest in SIP.
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How to make a fund of ₹ 1.23 crore from a monthly SIP of ₹ 4,000? (SIP Investment Plan)
Suppose you started a SIP of ₹ 4,000 every month and kept investing continuously for the next 30 years.
- Total Investment amount: ₹ 14,40,000
- Fund value on estimated returns (12%): ₹ 1,23,23,893
- Benefits from interest: ₹ 1,08,83,893
That is, this small savings of yours can be converted into crores in the long term.
How does this ‘magic’ work? (SIP Investment Plan)
This is amazing of “compounding” – that is, the process of getting interest on interest as well. The longer the time to invest, the faster your zodiac sign will increase.
Benefits of investing (SIP Investment Plan)
- Economic security in future
- Competition with inflation
- Retirement fund ready
- Help in dealing with emergency situations
- Easy to meet the needs of children’s education, home or car purchase
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