I want to invest Rs. 1000/- per month
Do you want to invest Rs 1000 per month?
Start a SIP in Equity Mutual Funds. Over the next 5 to 10 years you can create significant wealth. Here is how much your money can grow at the rate of - 15% per annum if you invest Rs 1000 per month.
» After year 5, you can have: Rs 93,045/-
» After year 8, you can have: Rs 1.9 lakhs (Your money doubles in year 8)
If you continue doing this, you can have the following amounts in:
» Year 10: Rs 2.8 lakhs
» Year 15: Rs 6.5 lakhs
» Year 20: Rs 14 lakhs
» Year 25: Rs 29 lakhs
» Year 30: Rs 60 lakhs
» Year 35: Rs 1.2 CRORES
Imagine if you are a 25 year old who starts investing Rs 1000 and continue to do it till you retire at the age of 60 – Your small saving per month can grow from Rs 4.2 lakhs (1000 x 12 months x 35 years = Rs 4.20 lakhs) to Rs 1.2 crores.
That’s the magic of compounding and investing in the Equity asset class on a regular basis.
Note: The 15% return is an assumption and not guaranteed. Your money could grow more/less if returns are higher or lower.
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