North India Statesman
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News India Live, Digital Desk: We all want our future to be secure. We all dream of a wonderful marriage for our daughter, good education for our children or a comfortable retirement. And all this requires a lot of money. Suppose, if exactly 15 years from now you have a lump sum in your hand, 50 Lakhs (₹50 Lakhs) If you come, then how many difficulties will become easier, isn’t it?
But how will it be done? It seems difficult to save only in the bank or to rely on PF. This is where mutual funds come in handy. SIP (Systematic Investment Plan),
Today we will tell you in very simple language how much money you have to withdraw from your pocket every month so that after 15 years you can easily become the owner of Rs 50 lakh.
How much will have to be invested every month? (The calculation)
Average return on long term investment in mutual funds 12% to 15% You can get annual returns up to Rs. The market keeps going up and down, but if you have a long time horizon like 15 years the risk reduces.
Let us understand the mathematics in two ways:
1. If you get a return of 12% (safe guess)
If we assume that you will get an average return of 12%, then to deposit Rs 50 lakh you will have to pay approximately Rs. SIP of ₹10,000 Have to start.
- Total Deposit Amount: 18 lakh rupees
- Interest/Benefit: Rs 32 lakh (approximately)
- Total Value: 50 lakh rupees
2. If returns are 15% (slightly better estimate)
If your fund scheme performs well and you get returns of 15%, then you only need to pay Rs. ₹7,500 to ₹8,000 Will have to invest between.
See, the amount decreased a little, but the magic of compounding took it to Rs 50 lakh.
What to do if you cannot save Rs 10,000 every month? (Step-Up SIP)
Now you will say, “Brother, my salary is low, I cannot withdraw Rs 10 thousand right now.”
Don’t panic! There is also a smart way for this, which ‘Step-Up SIP’ They say.
You start with a small amount. Suppose today you ₹5,000 or ₹6,000 Let’s start from the month.
Then make a rule that as your salary increases (increment) every year, you will also increase your SIP amount. will increase by 10%,
- Like: ₹5000/month in the first year, ₹5500/month in the next year…
Believe me, this method will help you reach your goal very quickly and will not be heavy on your pocket.
Cost of Delay
The most important thing—don’t wait. The real benefit of compounding (compound interest) is availed only by those who Quick Makes the beginning.
If you think that “let’s start after 5 years”, then to add 50 lakhs you will have to invest every month instead of 10 thousand. 25 to 30 thousand rupees May have to deposit. Which will be very difficult.
So, 15 years go by very fast. Cut down on your coffee, outside food or unnecessary expenses and start your SIP today. Remember, every drop fills the pot!
