Investment Tips, How to Start Investing

How to Start Investing:

Investment Tips: Investing in this one place can make you a millionaire in a few years, know how!

Just one right investment decision can make you fulfill your dream of becoming a millionaire in a few years. In today’s time, most experts consider mutual funds very good in terms of investment.

There is a saying that Money Makes Money i.e. if you want to become rich in future then you should invest. Investment should also be in the right place i.e. you should know about where and how much benefit you will get on return. In today’s time, most experts consider Mutual Funds very good in terms of investment.

If you also know the power of the market, then you must have understood its importance very well. If you want, you can make yourself a millionaire in a few years by investing in Mutual Funds. Know how?

Only 5000 investment is Enough:

In this case, financial expert Shikha Chaturvedi says that if you Choose a Good Mutual Fund and invest in it, then becoming a millionaire in a few years is not difficult. Good Mutual Funds usually get interest up to 12% per annum. Sometimes it becomes even 14 to 15 percent. In this case, you get a good return on investment.

Shikha says that if you make a monthly investment of up to Rs 5000 in a good Mutual Fund, then according to the interest of 12 percent, it will become 1 crore in the next 23 years. Whereas in 23 years your investment will be of total Rs.1380000. If the interest rate is even better than this, then your money will reach more i.e. around 1.25 crores.

Mutual Fund
How to Choose the Right Mutual Fund

How to Choose the Right Mutual Fund:

Choosing the Right Mutual Fund for investment is very important. Right means that Mutual Fund which can meet your needs. Every person should decide his Financial Goal before investing and after that it should be decided which Mutual Fund will prove above.

To choose the above Mutual Fund, first of all make a list of top contenders for Best Mutual Fund. Compare them and see which one meets your needs. If you want, you can also take the help of a Financial Advisor.

Pension Option After Retirement:

You can also get monthly pension through Mutual Funds. Under the Mutual Fund Systematic Withdrawal Plan, you get a fixed amount back from the Mutual Fund Scheme. If your fund is one crore in this, then every month you will get 50 to 60 thousand rupees as monthly pension. On the other hand, if there is a fund of up to 50 lakhs, you will get 25 to 30 thousand rupees. The good thing is that even after this your deposits keep on increasing.

How to Start SWP:

The Systematic Withdrawal Plan works just like the Systematic Investment Plan. SWP can be started at any time. If you are investing in a scheme, you can activate the SWP option in it. It can be started anytime for the need of regular cash flow. To activate the SWP, you need to fill an instruction slip with the AMC mentioning the folio number, frequency of withdrawals, date of first withdrawal, payee bank account.

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