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Mutual Fund Investment: Everyone wants to save a huge amount for retirement. For this reason, people invest money in government schemes, mutual funds and other schemes. Mutual funds promise higher returns as compared to other schemes. However, investment risk is also involved in this.
If you invest money every month in mutual funds, then you can earn a huge amount. You can deposit up to Rs 10 crore on retirement. For this you have to invest a few rupees every month. Let us know through a calculation how much you will have to invest.
How much to invest and estimate returns
According to the SIP calculator, if you start investing at the age of 25, you would need 12% annual return. After 60 years i.e. retirement, for Rs 10 crore, SIP of Rs 15,000 will have to be done every month. However, you should choose the right mutual fund, in which the risk is less and the returns are also high.
SIP calculation at 12% annual return
- If the age is 30 years, then you will have to invest Rs 28,329 per month to get Rs 10 crore at 12% return.
- To get Rs 10 crore at the age of 35 years of retirement, you have to start investing Rs 52,697.
- If you are 40 years old and want to get Rs 10 crore on retirement, then you will have to invest Rs 1,00,085 every month.
- By starting a monthly investment of Rs 1,98,186 at the age of 45, you can get 10 crores after 60.
- Starting a monthly investment of Rs 4,30,405 at the age of 50 years, you will get Rs 10 crore after retirement.
Disclaimer: (The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com It is never advised to invest money here.)
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