Great SIP Plan: You can become a millionaire by depositing only Rs 4,800 every month, know

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We all want that we do not have to face financial problems after retirement. But for this it is very important to secure your financial future. This will reduce your stress as you grow older. To secure our future, we have to save. The sooner we start saving, the bigger the corpus we will be able to accumulate.

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How to create a fund of Rs 1 crore?

If you do not invest your savings, it will have a negative impact. Because the value of money is decreasing year after year due to rising inflation. For example, we cannot buy as many things today with Rs 1000 as we could 10 years ago. Let us now tell you how you can create a fund of Rs 1 crore in 10, 15 or 20 years by doing minimum monthly savings…

You can earn a lot by investing in mutual funds

Financial experts believe that Mutual Funds (MF) are a great way to make money and beat inflation. You can invest in Mutual Funds (Mutual Funds 2025) every month or in lump sum. Through SIP (Systematic investment plan), you can invest a fixed amount in Mutual Funds every month.

Step-Up SIP

Step-up SIP is a systematic investment plan in which you increase your monthly investment by a certain percentage every year. For example, say 10 percent. In this way, as your salary increases every year, your investment will also increase.

Financial plan for a fund of Rs 1 crore:

• Target Corpus: Rs 1 crore
• Expected Return: 12% p.a.
• Investment Mode: Monthly (SIP)
• Step-up rate: 10% annual increase in SIP
• Investment period: 10, 15 and 20 years
• Let us assume a return of 12%

Looking at past data, equity mutual funds and index funds in India have given annual returns of 10-14 per cent over the long term. So we are assuming a return of 12 per cent here.

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