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News India Live, Digital Desk: Have you ever thought that even a small monthly savings can make you a millionaire? Systematic Investment Plan (SIP) can prove to be an excellent and less risky option for those who are afraid of the stock market direct move. This gives you the opportunity to invest in the market through mutual funds and can help fulfill your dreams in the long term.
How to prepare a fund of 1 crore with an investment of Rs 6,000?
According to HR Breaking News, if you start a SIP of only Rs 6,000 every month and your investment lasts for a long period, then you can easily prepare funds of more than Rs 1 crore.[1] Typically, equity mutual funds get a average of 12% annual return in a longer period.[1]
If you invest Rs 6,000 every month for 24 years (ie in an investment of Rs 17,28,000), and you get an annual return of 12%, then you will have a total fund of Rs 1,00,36,123.[1] Out of this, Rs 83,08,123 will be earned only from interest.[1]
Benefits of SIP and some important things:
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Disciplined investment: SIP inspires you to invest a certain amount every month, which makes a habit of savings.
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Compounding magic: Over time, the return on your investment also keeps investing again, which increases your property rapidly. This is called the magic of ‘compounding’ or ‘compound interest’.[2][3]
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Market fluctuations prevention: SIP gives you the benefit of ‘Rupi Cost Averaging’. When the market is down, you get more units, and when the market is up, less units. This keeps the average purchase price balanced.[5]
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Return not certain: It is important to understand that returns in mutual fund SIP are not fixed. Depending on the market performance, it can also be up to 20% positive or negative up to -10%.[1]
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Long Term Capital Gains Tax: You also have to pay long -term capital gains tax (LTCG) on the total returns from SIP, which may reduce your last corpus slightly.[1] Recently, the central government has increased LTCG tax from 10% to 12.5%.[
शुरुआत करना है आसान:
आप SIP को 500 रुपये जैसी छोटी राशि से भी शुरू कर सकते हैं।[4][5] Experts believe that the sooner you start investing, the more you will get the benefit of compounding and you will be able to get your financial goals as easily.
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