It has already started in some schools. It has also started in some online mediums. Through some app programs, the beginning is being made to teach this to the children. It is a different matter that many people do not get excited. There is still a doubt in the minds of many people that why children should be informed about this. Why people get attracted about saving money quick. Why don’t the youth first live with freedom in their lives. It is not a matter of special consideration. It is about financial management and financial independence of every family. That’s why it is necessary that some savings should be made. When there is savings then only investment will happen. You will get return in investment only. All the family members will move towards getting the returns immediately. The head of the family is its focal point. But his understanding and understanding shows everyone the way to financial independence of the family.
Today we are talking about middle class people. Even in this middle class, even a family living at a low level can save Rs 500 a month. And by investing this savings in the right way on the right platform and advice, he can earn his returns with seriousness. It is important to understand the investment that has been made and what returns are coming from there.
Today we are talking about investing in a SIP (Systematic Investment Plan) by saving only Rs.500. SIP is an investment that can be made every month in a fund. By taking 100 rupees you can invest anything up to your limit. Choice is essential for a better SIP. Investing should be done only after taking advice from a good financial information or market knowledge. It is very important that you are considering someone for investment that you want to invest for the long term.
There are a number of calculators online that will tell you the return you would get for a given number of years if you consistently invest an available principal amount at a principal rate. We are calculating by visiting https://groww.in/calculators/sip-calculator. It has been seen that investing 20 years or more in a SIP gives returns of at least 15 years of blueprint. Some funds keep more than this. It is also available at an annual rate of 15-25 percent. But we are only looking at 15 years of year by year.
40 years investment
If we invest Rs 500 per month consciously for 40 years, we will put Rs 2,40,000 in SIP. The return that we will get will be Rs.1,54,61,878 and the actual return will be Rs.1,57,01,878. It is clear that if a person invests only Rs.500 per month, that too every month for 40 consecutive years, then the returns he will get at the rate of 15 years per annum will make him a millionaire.
37 will become millionaires
If seen, he becomes a millionaire in 37 years. After investing this many years, he will get a return of Rs 98,03,320 on a total investment of Rs 2,22,000, which will be a total return of Rs 1,00,25,320.
35 years investment
Whereas if we take SIP for only Rs.500 per month and the investment is made for 35 years, then your investment is Rs.2,10,000 and you will get a return of Rs.72,20,322 and the total return will be Rs.74,30,322.
30 years investment
The same investment is made for 30 years. Returns are also the same. Then you make a total investment of 1,80,000. You will get a return of Rs 33,24,910 and the total return will be Rs 35,04,910.
You can see that there is a difference of sky in the investment from 30 years to 40 years. ie long term returns inform you on a new position. You can invest a little more and also you can choose a better fund. It is up to you to decide up to which accident you want to travel. A little patience and planning is a must. Such is the future and what will you understand by planning for the future. It also tells that sometimes the volatility of the market and the percentage of return goes up and down more than necessary. So there are risks as well as benefits of investing. This should be understood.
Disclaimer: Please note. These types of investments work in relation to the market. Invest only on the advice of your own discretion and information.
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