New Delzo: If you want to be financially independent and stress free after retirement then the only way is to build a corpus of crores of rupees by the age of 60. The positive thing is that by the age of 60 years, a fund of Rs. 23 crores can be made easily.
Investing in mutual funds through SIP is considered a good option. A large number of retail investors are making money in mutual funds through Systematic Investment Plans (SIPs).
In this way a fund of 23 crores can be created
If investing in SIP is started at the age of 25 and continued till the age of 60, the investor can get the benefit of compound interest. Because of this, a large corpus can be built at the time of retirement. Experts believe that by investing for 35 years, the return on investment is 12 to 16 percent.
According to financial experts, suppose an investor starts a SIP of Rs 14,500 crore at the age of 25. If the investor invests continuously till the age of 60 years and gets an annual return of 12 per cent, then he can raise a corpus of Rs 22.93 crore. .
(It is to be noted that here ABP News is not recommending to invest in any fund. The details given here are for informational purposes only. Mutual fund investments are subject to market risk, read all plan documents carefully. Read. The NAV of schemes may go up and down depending on the strength and factors influencing the security market including fluctuations in interest rates. Past performance of Mutual Funds may not necessarily indicate the future performance of schemes. Mutual Funds Do not guarantee or assure any dividend under any of the Schemes and are subject to the availability and adequacy of distributable surplus. Investors are requested to carefully review the prospectus and the specific legal, tax, And get expert professional advice regarding financial implications.)
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