You can become a millionaire by saving just 10 rupees per day, all you have to do is do it.

New Delhi. When it comes to securing the future, most people seem to say – ‘Hey, where is this money left to invest?’ If a person gives up the habit of just one cigarette of Rs 10 and invests this amount, in the long run he will have a fund of lakhs of rupees. With this money you can buy a car or fulfill other needs.

Today we are going to tell you the idea of ​​becoming a millionaire. This dream of yours can be fulfilled by investing in mutual funds through Systematic Investment Plan i.e. SIP. In SIP, investors get the benefit of compounding and the possibility of higher returns in the long run.

Start a SIP of Rs.300.
If you save Rs 10 per day and choose to invest Rs 300 per month in SIP and increase the investment by 10% every year, you can build a corpus of over Rs 45 lakh in the next 30 years. . Here we will raise a fund of Rs 45 lakhs with an annual return of around 15%. Please note that your investment will be only 5 lakh 92 thousand rupees. It is not that 15% profit on mutual fund SIP is just talk. There are many fund schemes in the market which have given bumper returns in the long run.

What is SIP?
SIP is the easiest way to invest in mutual funds. Through this you can invest in mutual funds every month. SIP is just like BankRD, but here you get better returns than the bank. Every month, a fixed amount is deducted from your bank account at a fixed time and invested in SIP.

Tags: make money, Money making tips, Mutual fund, Mutual funds, Systematic Investment Plan (SIP)