You can also create a fund of Rs 23 crore till retirement, you will have to invest so much every month
Mutual Fund: If you want your life after retirement to be financially worry free, then the only way is to make a corpus of crores of rupees by the age of 60 years. Yes, if the long term investment is done in the right way, then by the age of 60 years, a fund of Rs 23 crore can be easily created.
Investing in mutual funds through SIP is considered very good. A large number of retail investors are making money in Mutual Funds through Systematic Investment Plan (SIP).
23 crore fund will be made like this
If one starts investing in SIPs at the age of 25 and continues till the age of 60 (35 years), then the investor gets the benefit of compounding interest. Due to this, a large corpus is ready at the time of retirement. Experts believe that after investing for 35 years, one gets 12 to 16 percent return on investment.
According to economic experts, suppose if an investor starts a SIP of Rs 14500 crores per month at the age of 25. If the investor invests continuously till the age of 60 years and gets an annual return of 12 percent, then the investor can create a fund of Rs 22.93 crore.
(Investment advice in any fund is not being given by ABP News here. The information given here is for informational purposes only. Mutual fund investments are subject to market risk, read all scheme documents carefully. NAV can fluctuate depending on the factors and forces influencing the security market including interest rate fluctuations.The past performance of a mutual fund may not necessarily reflect the future performance of the schemes. The Mutual Fund does not guarantee or assure any dividend under any of the schemes and is subject to the availability and adequacy of distributable surplus. Investors are advised to review the prospectus carefully and seek specific legal, tax and scheme You are requested to seek expert professional advice regarding the financial implications of investing/participating in
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