Zoom News : Feb 07, 2024, 08:08 AM
Business News: These days there is a fight for jobs in India. People are starting jobs even at low salaries. If your salary is also low and you are worried about what retirement fund can be created on low salary, then this news is for you. Today we are going to tell a method for a person with a monthly salary of Rs 20 thousand, with the help of which he can create a fund of Rs 1 crore. The special thing is that he does not even have to invest in any pension fund.Create a fund like this without investing in pension schemeThese days, the habit of investing in mutual funds seems to be increasing among people in India. If you do not yet know about investing in these funds, then let us tell you that Lumpsum and SIP are the two main investment options. In lumpsum, a lump sum amount of money is invested, whereas in SIP, investment is made on monthly basis. If we look at the figures till now, mutual funds are giving an average return of 12-15%. According to this, if your salary is Rs 20 thousand then you can make a monthly investment of Rs 4,000.
A huge fund will be formed in this number of daysIf you invest Rs 4,000 monthly and get an average return of 15%, then you will create a fund of Rs 1,31,36,295 (Rs 1.3 crore) in the next 25 years. This figure has been given assuming the age of the person starting the investment to be between 25-35. Generally people choose the age of 50-60 years to retire. If you want to retire earlier, you will have to plan your investments accordingly. For this you can take advice from a financial expert. You can also find out about ways to increase your sources of income to get funds quickly and also how to use that money in the right place. With this you will achieve a corpus of Rs 1 crore in less than 25 years.
A huge fund will be formed in this number of daysIf you invest Rs 4,000 monthly and get an average return of 15%, then you will create a fund of Rs 1,31,36,295 (Rs 1.3 crore) in the next 25 years. This figure has been given assuming the age of the person starting the investment to be between 25-35. Generally people choose the age of 50-60 years to retire. If you want to retire earlier, you will have to plan your investments accordingly. For this you can take advice from a financial expert. You can also find out about ways to increase your sources of income to get funds quickly and also how to use that money in the right place. With this you will achieve a corpus of Rs 1 crore in less than 25 years.