Investing only Rs.100 per day, how you can make 30 Lakhs of fund.
If you keep up SIP for a long time, compounding offers a significant advantage. In the next years, you can easily accumulate a corpus of lakhs of rupees if you develop the habit of investing little sums of money each month.
Despite the current stock market fall, investor confidence in mutual funds SIP (Systematic Investment Plan) remains high. For the ninth consecutive month in May 2022, an investment through SIP reached more over Rs 10,000 crore. In May 2022, equities funds received inflow for the 15 consecutive month as a result of the rise in SIP investors. Equity mutual funds have received investments totaling 18,529 crores.
The benefit of SIP is that you can begin investing in it with as little as 100 rupees every month. You don’t have to invest a huge lump quantity of money, and the return is similar to equity. When you keep up a SIP for a long time, compounding has a lot of advantages. In the next years, you can easily amass a corpus of lakhs of rupees if you develop the habit of investing little sums of money each month.
Now Let’s Demonstrate Rs.30 Lakh Fund With Saving Rs.100 Daily!
If you were to save Rs 100 per day, you would have Rs 3,000 in savings each month. In 20 years, you can easily accumulate a corpus of roughly 30 lakh rupees if you do a SIP of Rs 3,000 per month and the yearly return is 12 percent.
Your total investment over the course of this duration will be Rs 7.2 lakhs, with a potential growth in wealth of up to Rs 22.8 lakhs. Over the long period, the average SIP return across numerous schemes was 12 percent annually. Here, keep in mind that your corpus may be impacted by whether the annualised returns are higher or lower. The market’s fluctuation affects the rate of return.
Continuous investment in SIP
SIP investments are ongoing, Equities funds are experiencing net inflow. Investor interest in equities mutual funds is unchanged despite the uncertainty at the global level. Retail mutual fund investors are making investments using the SIP technique, For long-term savings, he keeps his investments in the equity and hybrid class.
May 2022 marks the 9th month in a row that more than Rs 10,000 crore has been invested through SIPs, according to data from the Association of Mutual Funds in India (AMFI). When a net inflow of Rs 10,351 crore arrived through SIP in September 2021, this trend began.