Magic Of SIP: just invest ₹ 72,000 and earn 2 crores 11 lahks 79 thousand 483 rupees, even the market people will be stunned!

 
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SIP Magic: Studies completed, job started and the goal is to become a crorepati. Probably everyone does their financial planning with this dream. But, in reality, only the one who makes smart investments is called a crorepati. Investing in the right place and at the right time is very important. Also, it is important to understand that if the money that is being spent here and there is invested, then your goals will be achieved on time. For this, there are many traditional tools and there are also tools available under market risks, which give good returns in the long run. If you listen to the financial planner, then you can guess that it is not difficult to create a balance of crores.

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Save ₹ 200 but where to invest it?
According to the financial planner, an investment of 200 rupees daily i.e. 6000 in a month is enough. If we look at this figure for a year, it comes to 72,000 rupees. Now if this 72000 rupees is invested somewhere then... For example, let's take the two most preferred tools. First is the Public Provident Fund (PPF) and second is SIP Mutual Funds.

15 years of investment in PPF
A conservative investor invests his money in a government-guaranteed instrument like the Public Provident Fund (PPF). Its specialty is that the money invested, the interest received on it and the entire amount received on maturity is tax-free. If you invest Rs 6000 every month in PPF, then your investment will be Rs 72,000 in a year. By investing regularly, this amount will be Rs 19 lakh 52 thousand 740 in 15 years. 15 years is the minimum maturity limit of PPF.

20 years of investment in PPF
If you keep depositing this amount in PPF for 20 years, then this amount will be Rs 31 lakh 95 thousand 978 lakh. Now if you extend it for 5 more years, then you will get Rs 49 lakh 47 thousand 847. The point to note here is that PPF is a safe investment. But, its interest rate is fixed every three months. Here we have calculated the current interest rate of 7.1 percent.

₹6000/month SIP investment in mutual funds
If you deposit your money in mutual funds SIP every month for 25 years, then the value of your investment becomes Rs 80 lakh 27 thousand 342. Here it has been calculated based on a 10 percent annual return. Now if you extend it to 30 years, the return you will get will be Rs 1 crore 36 lakh 75 thousand 952.

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How will you get Rs 2 crore 11 lakh 79 thousand 483?
Experts consider a 10 percent return to be very normal and conservative. Getting a 12 percent return in diversified funds is a normal thing. According to this rate, in 25 years this amount will be Rs 1 crore 13 lakh 85 thousand 811 and in 30 years this amount will increase to Rs 2 crore 11 lakh 79 thousand 483.

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