Mutual Fund Invest 10000 Per Month to Make 1 Crore in 18 Years

1
80
views
Mutual Fund Invest 10000 Per Month to Make 1 Crore in 18 Years
Rate this post

Hello there welcome to Getbusinessidea.com you may be a student or a housewife, working man and want to secure your future and looking for an option where you can keep your money and get returns. So we have simple options for you here we are going to discuss how mutual funds can be beneficial for you and how you can make money with it with this post “Mutual fund invest 10000 per month to make 1 crore in 18 years.”

As we all know when it comes to making investments we don’t know where we can invest it and book profit, so most of us choose to keep it on savings bank account; but do you know you are losing money to inflation by keeping it on bank saving account. That’s why it becomes essential to invest our money and here come mutual funds in a role.

Mutual Fund Invest 10000 Per Month to Make 1 Crore in 18 Years.

You might have 10000 rupees extra per month which you want to invest for safe and secure future and achieve your future goals like marriage, higher education, home, car, etc.

That is the common goal of peoples that’s why mutual funds and assets management have designed an option for peoples it called SIP’s (Systematic investment plans) where you can keep your money.

All you have to do is stay focused on your goals and make disciplined investments per month and compound interest will work for you.

Read: 20 Best financial tips to guide you through your life

Rule of 72

Do you know if an interest rate is 9%, PA then your money will get doubled in 8 years.

72/9=8

This formula is called ‘rule of 72’.

The “Rule of 72” is a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself.

So we want this compound interest to work in our favor not against us that’s why financial planners recommend not to take loans until you need it badly because then the compounding interest will work against you.

Read Best things to do with your salary money 7 tips.

How to make 1 crore

So now we are going to see how mutual funds investment can make 1 crore for you; This investment plan will take time so starting early age when you are young is recommended.

This is how you can make 1 crore and more with SIPs:

There is thumb rule if you want to accumulate good amount and want good returns on your investments; then you should start investing when you are young and start early so compounding interest works in your favor.

Let’s take an example of a SIP.

We are assuming interest rate 15% per annum in an equity SIP so Investing  10,000 per month for 10 years would make your principal investment 12 lakh rs, the total expected amount will be nearly Rs 28 lakh!

mutual fund sip

And now here is where you can see the power of compounding interest.

27.9 lakh+ 10000 per month sip invested for 8 more years at 15% interest rate will become 1.1c crore.

and if you continue this sip investment you can have around 14.9 crores after 35 years total.

Read 6 things you should know before investing money in bitcoin.

Disclaimer: This story is for informational purposes only and should not be taken as investment advice. And before investing money in any financial instrument, you should gather as much knowledge as you can.

I hope you enjoyed this article Mutual Fund Invest 10000 Per Month to Make 1 Crore in 18 Years do share this on facebook/twitter/WhatsApp and other social media to let your friends also know about this investment instrument.

Subscribe and bookmark us for reading more such articles.

Thank you for reading.

After spending 10+ years in business, taking multiple classes on finance, reading many books, observing peoples and their businesses here i am sharing my learnings with you. i hope we will achieve something Great together, be a part of our journey. Your Friend ~Suraj Gupta Founder of GetBusinessIdea.com
SHARE

1
Leave a Reply

avatar
1 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
0 Comment authors
How to Start Real Estate Property Management Company (Rent/Buy/Sell) Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
trackback

[…] The mutual fund invests 10000 per month to get 1cr. […]