How to invest in mutual fund this Diwali to get Rs 1 cr on retirement?
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People save money throughout their lives
During Diwali, many people earn better profits by investing their money smartly. During employment, most people deposit money in various savings schemes.
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What about investing in Mutual Funds?
Some invest in government schemes, while others resort to pension plans. But have you thought about investing in mutual funds?
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Investing correctly is beneficial
However, mutual fund investments are subject to market risks. But, if you invest correctly, earning profits can be easy.
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Understand with this calculation
If you are 30 years old and start investing Rs 5,000 every month in a mutual fund SIP, you will get a big benefit at the age of 60.
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Retirement fund of over one crore
If you consistently invest Rs 5,000 every month for 30 years, you can get a fund of approximately Rs 1.3 crore after 30 years.
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Estimated return: 11%
The estimated return on your investment for 30 years is approximately 11%.