Systematic Investment Plan: The majority of individuals claim that investing Rs. 1500 or Rs. 2000 will not pay off. It is the reason he doesn’t invest. since their monthly income is limited to Rs. 1500–2000. If someone tells you that investing just Rs. 1500 to Rs. 2000 a month can make you a millionaire. Allow us to walk you through the entire maths.
Optimal Investment Options
You can participate in a SIP of Rs 2,000 each month if you have the extra money to invest Rs 5,000. Investing two thousand rupees is not a huge thing these days. You can invest Rs. 1500 in a place where you can make significant returns with less risk, even if your monthly income is Rs. 20,000. You can make a sizable income with SIP if you invest Rs. 1500 every month. Over the past twenty years, SIP has produced outstanding returns.
12 Percent Annual Return
After 20 years, if you invest Rs. 1500 every month in a SIP and receive a 12 percent annual return, you will have earned a total of Rs. 1498722, or around Rs. 15 lakh. This investment will yield a return of 15%, or roughly Rs 23 lakh, or Rs 2273932. After 20 years, a total of Rs 4742219 will be deposited on an investment of Rs 1500 a month if we assume a 20 percent return.
Returns After 30 Years
On the other hand, a thirty-year investment of Rs. 1500 each month can yield substantial returns. In this case, if you make a SIP of Rs 1500 each month for 30 years, you will receive a total of Rs 5294871 at a return rate of 12%. A person will receive a total of Rs 35041203 (Rs 3.5 crore) after 30 years if they spend Rs 1500 and receive a 20 percent return.
Disclaimer: This information is intended for general knowledge only. Any financial decisions should be made in consultation with a qualified professional. DNP News Network Private Limited is not liable for any financial losses incurred based on the information provided here.