Investing in Young Age: Many investment options have opened up in modern times. If investment is started at an early age, then there is no problem later. Most people start their investment choices at an older age, thereby missing out on a chance to accumulate a good amount.
Crores of rupees can be made by investing in low edge. Here’s how if you start investing just Rs 50 every day through SIP of mutual funds, you will get crores of rupees by the age of retirement. If you are in 10th or 12th class then you have a good chance to accumulate crores of rupees.
Investing Through SIP From Class 10
If you are a student and want to invest from class 10th, you can start saving Rs 50 per day. 50 rupees every day i.e. 1500 rupees will be deposited monthly in your account every month. This amount can be good for mutual funds every month.
how much amount will be deposited
According to the calculation, by investing 1500 every month till the age of 45 years or till the retirement age of 60 years, a huge amount of Rs 3.32 crore can be deposited with an annual return of 12%. If this return remains at 10%, then by the age of 60 your deposit amount will be Rs 1.5 crore.
investment after 12th
If you start investing through SIP after 12th. If you are between 17 to 19 years of age and invest Rs 1500 every month, then by the age of 40 you can get Rs 1.78 crore at 12% return. At the same time, Rs 95 lakh can be deposited till the age of 60 years at an annual return of 10%. However, if you want to invest without risk then you can invest in government schemes like PPF NSC.
Disclaimer: (The information given here is for information only. It is important to mention here that investing in market is subject to market risks. Always take expert advice before investing money as an investor. Here.)
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