Mutual fund SIP is such an option in which you can easily create a fund of two crore rupees.
There are many such schemes of mutual funds that have given annual returns of 12 to 15 percent in the long term.
Through Systematic Investment Plan (SIP) in mutual funds, a large fund of more than two crore rupees can be made.
The SIP calculator shows that the return on Systematic Investment Plan is more than the traditional product.
Let us understand from the SIP calculator which investment plan will create a fund of up to 2 crores.
To meet the fund target of 2 crores, every month Rs 40,000 will have to be invested in SIP for 15 years.
Assuming an expected return of 12%, you will get Rs 2,01,83,040 after 15 years. Your investment will be Rs 72 lakh.
If you start a monthly SIP of Rs 40,000 at the age of 25, then at the age of 40 you will have Rs 2 crore.
Investment in SIP should be started as soon as possible. With this, you get the benefit of returns in the long term.
There is also a risk in mutual fund investment. That's why investing should be done after looking at the income, target, and risk profile.