How your Rs 1.20 lakh can grow into Rs 63.35 lakh
How your Rs 1.20 lakh can grow into Rs 63.35 lakh
Mutual funds can be a great investment vehicle if you're looking to grow your wealth.
Mutual funds can be a great investment vehicle if you're looking to grow your wealth.
Let's explore how you can accumulate Rs 63.35 lakh in 35 years through mutual funds.
Let's explore how you can accumulate Rs 63.35 lakh in 35 years through mutual funds.
First, find a mutual fund with steady returns, ideally 12% annually.
First, find a mutual fund with steady returns, ideally 12% annually.
Over a period of 35 years, your total investment will amount to ₹ 1,20,000. This is the total money out of your pocket.
Over a period of 35 years, your total investment will amount to ₹ 1,20,000. This is the total money out of your pocket.
Assuming an annual return of 12%, your estimated returns after 35 years would be around ₹ 62,15,954.
Assuming an annual return of 12%, your estimated returns after 35 years would be around ₹ 62,15,954.
By adding your investment amount and the estimated returns, you'll end up with a whopping ₹ 63,35,954 after 35 years of disciplined investing.
By adding your investment amount and the estimated returns, you'll end up with a whopping ₹ 63,35,954 after 35 years of disciplined investing.
It's never too early or too late to start investing. Begin your journey towards wealth creation today with mutual funds.
It's never too early or too late to start investing. Begin your journey towards wealth creation today with mutual funds.
Consult with financial experts to tailor your SIP strategy based on your financial goals and market conditions.
Consult with financial experts to tailor your SIP strategy based on your financial goals and market conditions.
Disclaimer
SBI FD: Return you will get on Rs 5 lakh investment
SBI FD: Return you will get on Rs 5 lakh investment
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