Today in this time of inflation it is becoming difficult to fulfill the wishes of your family. You need to take serious steps to achieve your goal. Many times we save money, but for some reason it gets spent. You should make a habit of investing a small amount every day or every month. Today you will be told about regular savings, through which you will become a millionaire in future or a fat fund may be prepared for you.
Saving Rs 10 a Day: Systematic Investment Plan You Need
(SIP) should be considered for investment. Small savings lead to big profits. Through SIP you can accumulate an amount of Rs 1.1 crore by depositing just Rs 10 per day. For the past few years, SIPs have been giving people returns of up to 18 percent. You invest Rs 10 daily in SIP for 35 years. You get 18 percent return. After 35 years of this small savings, you will accumulate Rs 1.1 crore.
Mutual funds: Some funds have also given returns ranging from 12 percent to 25 percent. According to this, if you take a mutual fund SIP of 300 rupees per month, you can build a fund of 5 crores in 35 to 40 years. You can shape your future while fulfilling your needs. SIP invests a predetermined amount from a bank account in a mutual fund scheme of your choice on a specified day. There is no problem whether the stock market is bullish or bearish.
There are many benefits of investing in SIP. Because SIP invests your money in all major companies of different sectors. If your money is invested in various sector companies, it gives you huge profits. Investors are requested to carefully read the SIP rules issued by SEBI and AMFIA.