Best Saving Tips: On investment of 3500 every month, you will get 50 thousand rupees monthly, these are the options with best returns
Newz Fast, New Delhi: In the midst of rapidly rising inflation, if you need 50 thousand rupees for expenses every month, then start investing soon. It is a good thing if you have started investing.
Everyone wants to get good returns on savings. But for this it is necessary to invest wisely. Best return on savings gives you comfort.
Before making any kind of investment, it is important that you get complete information about the returns you will get in the future. Perhaps you will also have the same plan that after one age the invested money can be of maximum use to you and your family.
Must have fund of 1.2 crores
In the midst of rapidly rising inflation, if you need 50 thousand rupees for expenses every month, then start investing soon. It is a good thing if you have started investing.
If not, don't delay anymore and start investing. At present, the average annual interest rate of banks is around 5 percent.
In such a situation, for an interest of Rs 50 thousand every month, you should have a fund of at least 1.2 crores. You will get 50 thousand interest every month on this fund.
SIP of just Rs 3500 per month
Suppose you are 30 years old now. At this time, start a SIP of Rs 3500 a month in your name. In the current round of SIP, you are expected to get an annual return of at least 12%.
By doing a SIP of Rs 3500 (Rs 42 thousand annually) every month for 30 years, you invest 12.60 lakhs in this period.
If you get a return of 12 percent annually on this investment, then on completion of 30 years, you will have a fund of 1.23 crores ready.
These are the options with the best returns
If you calculate the interest at the rate of 5 percent per annum on a fund of 1.23 crores, then it is Rs 6.15 lakhs annually. In this way, you will easily get an income of 50 thousand rupees every month.
Let us tell you that SBI Small Cap Mutual Fund has given returns of up to 20 percent in the last few years. Apart from this, Nippon India Small Cap Mutual Fund Scheme has given a return of 18.14 percent.