Axis Bank special scheme: Double profit from FD in 3 months, Rs 27 lakh earned in 10 years after applying 1000 rupees

Make Money: Do you also think that lakhs of rupees can be earned by applying 1000 rupees per month. Experts say that this can happen. But for this, it is very important to do the right planning.

Stock market boom that started from last year. It is still going on. That is why experts are currently advising to invest in mutual funds. He says that the situation in the market has been good, leaving behind the tension of Corona epidemic. With the largecap, now the midcap and smallcap schemes are also gaining momentum. Because, economic activities in India have intensified.

It is believed. The country’s economic growth rate can be positive from GDP negative in the January-March quarter. In such a situation, you also have a chance to earn fat. In this list, the Axis Bluechip Fund is giving much better returns.

Axis Bluechip Fund: Rs 27 lakh earned in 10 years by investing Rs 1000
If you talk about returns, then this fund has given 11% return in three months. Bumper earnings of 27 percent in 6 months and 135 percent in 5 years.

If someone had invested 10 thousand rupees 6 months ago, he would have got an amount of Rs 12717.40 now i.e. 27 percent return, in 5 years this amount would have increased to Rs 23497. In 10 years, this amount would have increased to Rs 39364.

In this way, if someone invests one thousand rupees every month under SIP i.e. Systematic Investment Plan, then the total investment in 10 years is Rs 120000. At the same time, this amount would have increased to Rs 277117.

Let us tell you that every month you have to invest for a long period in the SIP option. Just like you invest in PPF, if you invest money here, you will get more returns. One has to invest in equity fund like SIP just like PPF. But, if you look at the long term, the returns will be more.

Assuming a person invests in SIP for 30 years and gets a 15% return, according to the SIP calculator, such an investor will get an amount of Rs 4.21 crore on maturity.

But, for this it is important that you withdraw 200 rupees for SIP daily and there should be a monthly investment of 6000 rupees.

What do the experts say

Firoz Aziz, deputy CEO of Anand Rathi Wealth Management, says that investing in SIP is the best option. Those investing in mutual funds should invest only through the SIP route.

There are two benefits from this. The first helps in handling the monthly budget and can start even with small investment. Especially those who are in the initial phase of career.

They do not have a lump sum amount to invest, but they can make small investments keeping in mind the long term. To achieve a large amount on maturity, a goal has to be prepared. SIP is good for such investors.

It is recommended to maintain variety in the portfolio. Investors should diversify the portfolio. It is not right to invest in only one fund house scheme. Also diversify the portfolio according to the fund house.

Deepak Jain, Sales Head, Edelweiss Asset Management Limited, says that a SIP investment of Rs 100 will not give you a big return, unless you increase the amount in it.

But, people are becoming more financially aware and they can start by using Sip of 100 rupees as a launch pad.

Currently, about 5-10% of Mutual Fund products are products that are giving SIP for 100 rupees. There are large-cap, mid-cap and smallcap funds in the equity and debt categories, where you can start investing for just Rs 100.

Some companies also offer Micro SIP through the Specific Channel such that SBI account holders can invest in SBI MF for Rs 100.