You can make ₹ 10 lakh by spending 50 rupees every day, know what is the way

New Delhi. Everyone wants his future to be financially secure, but it is not easy to save. There are many times that choosing a better option to save also becomes a big problem. However, you should not worry. Today we are going to tell you about such an option, by which you can save 10 rupees from the project and make 10 lakh rupees.

Mutual funds are considered to be the best option for getting better returns despite less investment in long term. The best thing in this is that saving Rs 50 per day will not put too much financial pressure on you and you can easily save so much even after all your expenses. Let’s know how you can make a fund of 10 lakh rupees by saving 50 rupees daily?

In this way, you can make 10 lakh rupees owner, if you save Rs 50 daily, then it will be Rs 1,500 a month. You will have to invest Rs 1,500 every month through SIP in the scheme of Mutual Fund. You will have to invest this for 15 years. There are many mutual funds in the market, who have given 15% per annum returns in the last 15 years. If you continue to get such a return, then after 15 years, you will have a fund of 10 lakh rupees.

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How will you benefit

If you invest for 15 years in a mutual fund scheme, then your total investment will be Rs. 2,70,000. At the same time, the total value of your SIP will be Rs 10,02,760. That is, you will get the benefit of Rs 7,32,760.

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This can remove the expense ratio

It is the ratio that describes the expenditure on management (management) of mutual funds as per unit. To derive the expense ratio of a mutual fund, its total assets (asset under management i.e. AUM) is divided by the total expenditure.

Invest via SIP

SIP is the best way to invest in mutual funds. This means good averaging of investment, which reduces the risk of investment and increases the chances of good returns. After starting an SIP in a mutual fund, it is not necessary that you invest only till the scheduled time. You can stop this investment whenever you want. There is no penalty for doing this.

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