Fixed Deposits Scheme: Got 6 times more FD than FD in 6 months, 10 thousand to 14 lakh in 13 years, know about the scheme

Make Money: It is not at all that there is not much return on less money. If the steps are taken at the right time, then the amount of 10 thousand rupees can also be converted into lakhs of rupees.

Common people are not happy with the returns on FD for the last one year. One year fixed deposits are getting returns of just 5-6 per cent. That is why experts are advising to invest in mutual funds at this time. Kirtan Shah, Co-Founder and CEO of SRE Wealth, says that the major advantage of Mutual Funds is that returns can beat inflation.

10 thousand rupees to 14 lakh rupees – 

Principal Emerging Bluechip Fund Scheme of Mutual has given excellent returns. If someone had invested 10 thousand rupees on 6 August, ie on 21 August 2020, then the amount would have increased to 13083.80 rupees i.e. during this period, 31 per cent returns have been received.

Similarly, in 2 years, the amount would increase to Rs 14796.40 and in 5 years, these returns would increase by 140.67% i.e. an investment of Rs 10 thousand to Rs 24066.70.

The fund was started on 12 November 2008. Since then, it has given a return of 1320 percent i.e. the amount of Rs 10 thousand has increased to Rs 14 lakh in 13 years.

Should invest in Principal Emerging Bluechip Fund Fund

According to experts, the performance of these funds has been very good. Its portfolio holds shares of top performing companies like HDFC Bank, ICICI Bank, Infosys, Reliance.

Why Mutual Funds Are Better Than FDs At This Time?

According to Kirtan Shah, if someone invests in mutual funds, then he can easily fulfill all his financial needs.

The biggest advantage of this is that more units are found in the fall of the market and good cost is available on these units in the market growth. On the other hand, if you compare this return with a simple fixed deposit, you will find that the interest continues to get the same.

A fund of 20 lakh rupees can be created in 20 years

Feroze Aziz, deputy CEO of Anand Rathi Wealth Managers, says that even during the Corona era, SIPs were not closed and now their increasing registrations are telling that Indian investors are understanding its importance.

Mutual funds show better performance than other assets in giving returns. Also, SIP investments are becoming popular in terms of security.

Do you have to save Rs 3000 per month? 2.56 lakh in five years, how?

During the Corona period, the market showed a decline but the demat account holders increased. And now the growth of SIP account in MF is telling that investors are learning to take advantage of market growth.

The biggest special thing about SIP is that it can start from Rs 500 only every month. Feroze Aziz of Anand Rathi Wealth Managers says that if someone invests only Rs 1000 every month for 20 consecutive years through SIP, then in 20 years, you can deposit a corpus of up to Rs 20 lakh. At the same time, such an investment in a recurring deposit will only be able to deposit up to Rs 5-5.50 lakh. The decision is yours.

Put money in mutual funds like this

You can invest directly from the website of a mutual fund. If you want, you can also use the service of a mutual fund adviser. If you invest directly, you can invest in the direct plan of the mutual fund scheme.

If you are investing with the help of an advisor, then you invest in a regular plan of a mutual fund scheme. If you want to invest directly, then you have to go to the website of that mutual fund.

You can also go to his office with your documents. The advantage of investing in a direct plan of a mutual fund is that you do not have to pay commission.

Therefore, your returns are greatly increased in long-term investment. One problem in investing in mutual funds in this way is that you have to do research yourself.

All the expenses incurred in the mutual fund scheme are called expense ratios. From the expense ratio, you get to know what is the cost per unit in the management of a mutual fund.

Generally the expense ratio is 1.5-2.5 percent of the average of the weekly net asset of a mutual fund scheme.