Mutual fund investments are subject to market risks, but the return potential is also higher. In the last few years, many mutual fund schemes have given good returns to investors. In such a situation, many people are now preferring to invest their money in mutual funds. If you want to secure your future, this can be a good option for you.

Here you can invest more than Rs 1 crore at the time of maturity by investing through SIP. In this series, let us understand the mathematics of investment where you can collect a fund of Rs 1.1 crore by saving just Rs 3,000. Let us know –

For this, you will have to make a SIP in a good mutual fund scheme and invest Rs 3,000 every month in it. You have to make this investment of Rs 3,000 per month for 30 years.

During this period, you should expect to get an estimated return of 12 percent every year on your investment. If this happens. In this situation, you will have a total of Rs 1.1 crore at the time of maturity. With this money you will secure your future financially. Along with this, other important purposes will also be easily fulfilled.

Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in this, definitely take advice from experts. If you invest in mutual funds without knowledge. In this situation you may have to face a big loss. The returns on investments made in mutual funds are determined by market behavior.

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This insurance provides a lump sum payment at maturity to the surviving policyholder and financial support to the family in case of premature demise.

Understand this insurance scheme like this, if a person starts investing for 25 years at the age of 25, then his monthly installment will be Rs 8,893 i.e. Rs 296 per day. He will have to deposit Rs 1,04,497 in a year. On maturity, such a person can get the maturity amount of a little more than Rs 60 lakh. Under LIC’s Jeevan Labh Plan, you will also get a maturity bonus of Rs 60 lakh and a final additional bonus. Let us tell you that the basic insurance amount here is Rs 2300000.

You can become a millionaire by saving only Rs 128

If a person saves and deposits Rs 512 every day in Jeevan Labh Policy, then Rs 184320 will be deposited annually. If he invests this money for 25 years from the age of 25, he will accumulate around Rs 46 lakh and after maturity he will have Rs 1 crore 9 lakh.

On the other hand, if you save and deposit only Rs 128 every day from the age of 25, then Rs 46200 will be deposited annually and in 25 years you will deposit around Rs 10 lakh. After completion of maturity of this policy, LIC will give you Rs 27.25 lakh.

A small savings will give Rs 60 lakh in future

Its advantage is that by saving just Rs 8893 every month, you can earn a huge fund of Rs 60 lakh in future with a small savings. Let us tell you that LIC maturity amount is calculated using LIC calculator. It varies depending on age, term of insurance and basic sum assured. This calculation is for understanding purposes only.

Before buying the policy, read its details. In the event of the demise of the policyholder, the family will get financial support from this restricted premium, non-linked plan. In this, investors have the freedom to change the premium amount and insurance period.

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It is to be noted that mutual fund investments are subject to market risks. The upheaval in the stock market has a direct impact on this area of ​​investment. At the same time, the possibility of getting returns from this area of ​​investment is also very good.

In such a situation, you can get good returns by investing in mutual funds. Many people in the country are investing here. In this episode, let us understand about the math of investment, with the help of which you can collect a fund of Rs 1.1 crore by saving just Rs 333. Let’s know how –

For this, you have to choose a good mutual fund scheme and save Rs 333 every day and invest Rs 10,000 in it every month.

You have to make this investment of Rs 10,000 for the whole 21 years. Apart from this, you have to expect that you get an approximate return of 12 percent every year on your investment.

In this case, after 21 years, you will be able to easily collect an amount of Rs 1.1 crore at the time of maturity. During the investment, you have to invest a total of Rs 25.2 lakh. At the same time, there will be a total return gain of Rs 88.7 lakh on your investment.

Disclaimer: Money invested in Mutual Funds are subject to market risks. Take expert advice before investing in it. If you invest in mutual funds without knowledge. In this situation, you may have to face a big loss. The returns on investments made in mutual funds are determined by the behavior of the market.

The post Mutual Fund SiP! Saving Rs 333 Can Get You Rs 1.1 Crore, know what is the scheme first appeared on Rightsofemployees.com.

One of these schemes of the post office is the National Saving Monthly Scheme. The most important thing about this scheme is that in this you will get money every month. This scheme can prove to be very good for you in terms of savings. Let us know about every type of information related to this scheme.

What is post office MIS scheme

In the National Savings Scheme (MIS) of the post office, you can open your account even with Rs 1000. Under this scheme of post office office, you can deposit up to Rs 9 lakh in a single account and up to Rs 15 lakh in a joint account. You can also close this account within a year.

However, in that case 2% of the deposited money will be deducted. Any Indian person can open his account in this post office scheme. Under this scheme, if interest is not claimed every month, then no return will be available on it. It can also be withdrawn from any post office through auto credit.

How much is the interest rate in this scheme

In the National Savings Monthly Scheme (MIS) of the Post Office, you will be given interest on completion of one month from the date of opening the account. You will continue to earn every month in this post office scheme.

The lock-in period under the scheme is 5 years. But after the maturity period, it can also be extended for 5-5 years. The government has also increased the interest in this scheme. At present, the interest rate benefit of 7.4 per cent per annum has been given to the depositors in this scheme.

The post Post Office MIS: Interest is given every month in this scheme, know every detail related to it first appeared on Rightsofemployees.com.