Investing For 15 Years Can Get A Refund Of 5 crores, Know How – It often happens that a salaried person is unable to save any for the future due to the responsibilities of his family and then he starts worrying about the time to come. However, there are many such funds and plans in the market these days, in which huge returns are assured. Yet we cannot trust anyone blindly. In such a situation, if you also want that after retiring from your job, your old age goes well and you do not have to face any kind of financial crisis, then this article is perfect for you.
In fact, if you are under the burden of many loans till the age of 45 and have not been able to invest due to fulfilling family responsibilities, then you need not worry. If your salary is in 6 digits, then you can add more money in the next 15 years than you would have imagined. Actually after investing 15 years, you can get a refund of 5 crores.
How To Get Return
If you want that much return in such a short span of time, then it is obvious that you will have to go towards mutual funds. Yes, if you invest long term in mutual funds, you can get such hefty returns. For this, you have to increase your investment amount every year.
Experts say that if you invest Rs 44 thousand every month after getting rid of your responsibilities and also if you increase this investment by 15 percent every year, then you can get a refund of up to Rs 5 crore. . Yes, according to experts, if any investor is investing for a long time, then he is not only investing keeping inflation in mind, but also takes care that he does not deviate from his goal. The best option for this is equity based mutual funds, by investing in which investors can easily move towards their goals.
Will Have To Increase by 15 Percent
Investment experts believe that although any investor increases SIP investment by 10 percent every year and experts also recommend the same, but for such a big refund, you will have to increase 15 percent every year, not 10. With such a huge investment and with an increase of 15% every year, you can easily achieve your goal till the age of retirement.
Understand The Calculation In This way
If you invest Rs 44 thousand every month from the age of 45, plus you increase it by 15 per cent every year and you are getting 12 per cent or above return every year. So after 15 years the value of your fund will go above 5 crores. Whereas if the rate of interest received every year is high, then this amount can be more than 5 crores.