Hello my dear friends, do you also want to convert just ₹10000 into ₹50 lakhs then this post is going to be very beneficial for you, through this post we are going to tell you in detail how to convert ₹10000 into ₹50000 through SIP and how to fulfill the dream of marrying your daughter for ₹50 lakhs, so you are requested to stay on the post till the end.
I want to tell everyone that all the citizens of India can easily get the benefit of this. How your just ₹10000 will reach ₹50 lakh will be discussed in detail, so please start studying further.
How to reach ₹50 lakh from a SIP of ₹10,000
Friends, we would like to give you an example here, so let me tell you that if you are going to marry your daughter after 15 years and you do SIP of ₹ 10000 every month, then after 15 years you can create a total fund of 50 lakh rupees, for which we are going to give you complete information in detail below.
SIP Return Estimate
- I would like to tell you that the returns for mutual funds are considered almost every year for 12 years which is just an estimate for activity mutual funds.
- It is important to keep in mind inflation at the rate of 6% every year.
- ₹10000 needs to be invested every month.
- This investment has to be made for 15 years i.e. 180 months. 12% return will be given every year.
As per the above mentioned estimate, if you invest ₹10,000 every month through SIP, you will get a total of 47.5 lakh rupees which is a little less than 50 lakh rupees.
How to plan your investments
- You people have to start investing in the best mutual fund so that you can get good returns and the returns will be given for a long time.
- Every year you all must increase SIP 83, you can increase it by 5 to 10 percent.
- For example, you should increase ₹10,000 to ₹11,000, so that the investment goal will be achieved as soon as possible.
- I want to inform you all that as the wedding date approaches, the investment plan will have to be shifted from active to debt funds so that you can avoid the fluctuations of the market and the amount invested by you remains 100% safe.
- If there is a shortfall in the amount set as target, then you must add additional investment so that the amount set for the target can be completed as soon as possible.
Difference between Post Office FD and Mutual Fund SIP
| Full details in Hindi | Post Office Fixed FD | Complete information about Mutual Fund SIP |
|---|---|---|
| View interest rates | 6% to 7% | 12 percent |
| minimum investment | ₹1000 | In some plans it can be up to ₹5000 |
| Return received on maturity | If you invest ₹500000 in 5 years, you will get 7 lakh rupees. | A SIP of ₹10,000 will yield a total of ₹47.5 lakh in 15 years. |
| Risk | The risk is negligible | There is more risk in this |
| Flexibility of Investment | This is a fixed investment period. | It may sometimes happen that the SIP amount may increase. |