You can become a millionaire by investing just Rs 500 per month, know this scheme today

Investment is a big thing for the middle class. A small investment can save a huge amount for the family. Today we are going to talk about some such schemes.

If you are not able to save much money then you can deposit a huge amount by investing just Rs 500 in these schemes. You also get interest on this, which can give you huge profits in the long run.

systematic investment plan
Investment in mutual funds is done through SIP. In this, one gets the benefit of compound interest and investing for long term gives tremendous returns. If you invest in a mutual fund scheme for 10 to 15 years, you get an average return of at least 12 percent.

In such a situation, if you deposit Rs 90 thousand, you can easily get more than Rs 252000 in 15 years. Apart from this, if you invest in it for 5 years to 20 years then you can get around Rs 5 lakh.

of public provident fund
If you look at it rationally, investing in PPF is also a great option for you. At present, interest is available on PF at the rate of 7.1 percent. Apart from this, you also get the benefit of compound interest on this. So if you deposit Rs 6000 every year then the total amount to be deposited in 15 years will be Rs 90,000.

On Rs 90,000, you will get at least Rs 72,782 as interest and after maturity your total amount will be more than Rs 1,62,000. When you extend this plan for 5 years, you will get a benefit of more than Rs 1,00,000 and the total amount you will get will be more than Rs 2,66,000.

Investing in this scheme is a good option for daughters
If you invest just Rs 500 per month in Sukanya Yojana, you can easily create a big fund. Which can be used for the education and marriage expenses of the girl after she turns 18. You can start your investment in this scheme with just Rs 250. In this, if you deposit Rs 500 every month for 15 years, then your total deposit amount will be Rs 90,000.

After this, you do not need to invest in your daughter until she is 15 to 21 years old. But you will continue to get interest at the rate of 8.2 percent on this amount. In such a situation, after maturity, you can get more than Rs 2,77,000 under this scheme.