Mutual Funds: If you save Rs 167 daily, you will get Rs 11.33 crore on retirement! Let's Know - GoogleKarle

Mutual Fund SIP Investment: By investing in mutual funds through SIP, you can make crores of rupees in the long term. Remember that investing in mutual funds is goal-based. Meaning where you need money in many stages of life, you should invest in keeping this goal in front.

Mutual Fund SIP: Earning money is easy in many ways, but saving money and investing it in the right place is the most difficult task. The most important of some of the fundamentals of investing is to start investing as soon as possible. Mutual fund experts even recommend that you start planning for retirement from the day you join the job.

Start investing from a young age

There are many investment options, each with its own specialty and importance. Investment advisors always recommend starting investing from an early age, as it gives you a longer investment horizon as well as more risk appetite. By investing in mutual funds through SIP, you can make crores of rupees in the long term.

Keep in mind that investing in mutual funds is goal-based. Meaning where you need money in many stages of life, you should invest in keeping this goal in front. Like buying a house, getting married, buying a car, children's education and then their marriage, etc. If you want to go abroad, then you should invest through SIP for that too.

SIP in mutual funds will make crorepati

For now, we are showing you a rough calculation. Suppose you started investing through SIP at the age of 25. If you save Rs 5000 every month i.e. 167 rupees per day and invest in mutual funds through SIP, then at the age of retirement i.e. 60 years you will have a hefty amount of 11.33 crores. Remember that in SIP, you also have to keep increasing by 10% annually. understand this calculation

Monthly investment           Rs 5000

Estimated Return                14%

Annual SIP Increase            10%

Total investment period       35 years

Total investment              Rs 1.62 crore

Total Return                    Rs 9.70 crore

Maturity amount              Rs 11.33 crore

Be mindful of this

So you saw how you can deposit a huge amount of Rs 11.3 crore till retirement through just Rs 5000 monthly SIP. But remember one thing every year when your salary increases, you have to increase your SIP investment accordingly. Over a long period of 35 years, you get huge benefits from compounding. Mutual funds give you returns of 12-16 percent per annum over the long term. When you keep increasing your investments every year, you will become a millionaire long before retirement, by the time you have accumulated enough money that you can live your life comfortably.