Know how 1000 rupees a month will become 1 crore rupees

Know-How The Value Of 1000 Rupees A Month Will Become 1 Crore Rupees

In today's time, every man wants to become rich. Generally, the meaning of rich in his country is considered to be a millionaire. In such a situation, if you have a desire to become a millionaire in your mind, then here you can get information about how much money invested in a month can make a millionaire. One way of investing in Mutual Funds is through the Best SIP. It is almost the same as that of an RD in a bank or post office. In such a situation, if you can save only 1000 rupees a month from your pocket, then you too can become a millionaire very easily.

First, You Know What Is SIP In Mutual Fund

Systematic Investment Plan in Mutual Fund is called SIP in short. It is an investment method. It is very much like an RD of a bank and Post Office. But it has many more features. Investment in this can be increased or decreased in between. For how long can this be done? Apart from this, many other benefits are also available in investing through SIP.

You can also start SIP Investment from your PhonePe And Paytm App, if you have not downloaded PhonePe and Paytm  then download it by clicking on the link given below and start your sip today only from Rs.100

Let Us Now Know How A Millionaire Can Become A Millionaire With A Sip Of 1000 Rupees A Month.

Even if you can invest only 1000 rupees every month, you can become a millionaire. However, due to low investment, it will take a little more time for you to become a millionaire. If you Start Investing 1000 Rupees in a good mutual fund scheme, then you can become a millionaire in 33 years. Here it is believed that your mutual fund scheme gives a continuous return of 15 percent every year.

Now after reading the return of 15 percent, if you feel that this is not possible, then at the end of this news, the list of top 10 Mutual Fund Schemes is being given, which has given an average return of up to 25 percent in the last 5 years.

Start investing Rs 1000 a month in mutual funds

The average return of the scheme of this mutual fund is 15 percent.

This investment should last for 33 years

Fund of Rs 1.1 crore will be ready

Your total investment will be Rs 3.96 lakh

1.06 crore will be received as a return

Now, How Will Your 1000 Rupees A Month Make A Millionaire Soon?

If you think that 33 years is too much time to become a millionaire, then you can also adopt another method. This is a way to increase investment every year. That is, you Start Investing Only 1000 Rupees. Later every year you increase your investment by 10%. That is, start investing in your first year with Rs 1000.

If next year you make this investment of Rs 1100 per month. Keep increasing in the following years as well. If you follow this investment strategy, then you can become a millionaire in just 29 years. That is, 4 years before the earlier scheme, you will become a millionaire.

Start a SIP of Rs 1000 a month in a good mutual fund scheme, increase this investment by 10% every year

The average return of 15% every year on this investment

Fund of Rs 1.13 crore will be ready in 29 years

Your total investment will be Rs 17.84 lakh

The overall return of Rs 94.96 lakh will be given on this investment.

If You Want To Become A Millionaire Soon, Then Follow This

If you can increase the investment a little more every year, then you can become a millionaire more quickly. That is, if you can increase your investment by 20 percent every year, then you can become a Millionaire in 23 years. That is, in only 23 years instead of 33 years. In this way, you can become a millionaire 10 years in advance.

For this, you will have to start your investment with only Rs 1000, but it will have to increase by 20 percent every year. If you do this, you will become a millionaire very soon.

Start a SIP of Rs 1000 a month in a good mutual fund scheme, increase this investment by 20% every year

An average return of 15% every year on this investment

Fund of Rs 1.16 crore will be ready in 23 years

Your total investment will be Rs 39.15 lakh

The overall return of Rs 77.23 lakh will be given on this investment.

How To Become A Millionaire A Little More Quickly

If you can increase your investment a little more every year, then you can become a millionaire soon. That is, if you can increase your investment by 25% every year, then you can become a millionaire in 20 years. That is, in only 20 years instead of 33 years. In this way, you will become a millionaire 13 years ago.

For this, you will have to start your investment with only Rs 1000, but it will have to increase by 25 percent every year. If you do this then in 20 years you will become a millionaire.

Start a SIP of Rs 1000 a month in a good mutual fund scheme, increase this investment by 25% every year

An average return of 15% every year on this investment

Fund of Rs 1.16 crore will be ready in 20 years

Your total investment will be Rs 41.15 lakh

The overall return of Rs 59.75 lakh will be given on this investment.

Now Know How You Can Become A Millionaire In Just 15 Years

If you want to become a millionaire in 15 years, then you have to adopt a plan of 15. Under this investment plan, you have to invest 15000 rupees every month for 15 years. If you get an average return of 15 percent on this investment, you will have a corpus of Rs 1 crore after 15 years.

Start investing Rs 15000 per month in a good mutual fund scheme

This investment should last for 15 years

Here on an average return of 15 percent every year

Fund of Rs 1.02 crore will be ready in 15 years

Your total investment will be Rs 27 lakh

74.53 lakh will be received as a return

Let us now know the names of mutual fund schemes giving returns up to 25%.

These are some of the top 10 mutual fund schemes being given here.

5-year returns of mutual fund schemes are being reported. The returns of these mutual funds have been calculated on the basis of NAV as of January 8, 2022.

SBI Small Cap Mutual Fund Scheme: 25.64 percent

PGIM India Midcap Mutual Fund Scheme: 25.56 percent

Nippon India Small Cap Mutual Fund Scheme: 25.55 percent

Axis Small Cap Mutual Fund Scheme: 25.42 percent

Axis Midcap Mutual Fund Scheme: 25.13 percent

Kotak Small Cap Mutual Fund Scheme: 24.87 percent

Invesco India Midcap Mutual Fund Scheme: 21.94 percent

Edelweiss Mid Cap Mutual Fund Scheme: 21.86 percent

Kotak Emerging Equity Mutual Fund Scheme: 21.11 percent

Baroda Midcap Mutual Fund Scheme: 25.13 percent

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