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By saving just 40 rupees daily you can deposit 8 lakh rupees, learn about the scheme to get rich

New Delhi. Many times people think that one cannot get rich with less money, but it is not so. If you start investing by saving some money every day, after a certain time you can become a millionaire. Mutual fund scheme will help you to become a millionaire. The good thing is that he can add a considerable corpus by saving 40 rupees per day. By doing this, he will not be burdened much and can easily save so much even after all his expenses.

Let us know how by saving Rs 40 per day, you can create a fund of Rs 8 lakh.

Thus a fund of 8 lakhs will be made
If you save 40 rupees a day, it will be 1,200 rupees a month. You need to invest Rs 1,200 every month in a better mutual fund scheme through SIP. You have to make this investment for 15 years. There are many mutual funds of this type on the market, which have returned 15 percent per year for the last 15 years. If you keep getting the same return, after 15 years you will have ready a fund of Rs 8 lakh.

read this too: SBI charges this amount of money for depositing money and the SMS service linked to the account!

how much will be the benefit
If you invest in a mutual fund plan for 15 years, your total investment will be Rs 216,000. At the same time, the total value of your SIP will be Rs 8,02,208. That is, you will make a profit of Rs 5,86,208.

These funds have given a 15% return
Speaking of mutual fund returns, some of the best schemes have given returns of 15 percent over 15 years. Aditya Birla Sun Life Equity Fund has returned 15.20 per cent over 15 years, DSP Equity Opportunity Fund 14.67 per cent, Franklin India Prima Fund 15.07 per cent.

The expense ratio can be calculated like this
It is the ratio that gives the unit cost of managing the mutual fund. To calculate a mutual fund’s expense ratio, its total assets (Assets Under Management (AUM)) are divided by the total expenses.

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Tags: investment and return, investment plan, investment tips, Investment fund

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