Einth’s eighth wonder is always useful in making money, even after saving 500 every month, you will make fat funds in 5 years

Mutual Fund Investment Tips: The common belief about the world of investment is that only a man with thick money can get a bickering here. But according to experts, this is not so good. You can get a bigger writer than small investment. If you do a job and while completing the responsibilities of the house, only 500 rupees can be saved in your pocket, then you can also invest with this amount. Yes, this is possible. You can start a systematic investment plan, as SIP, you can start with the name of SIP. Every month you can make fine money in 5 to 10 years by investing 500 rupees only.

By the way, the Investment Expert believes that if you want to invest into mutual funds or SIP, then always think about long term investment, only then you get more and more patients. Although Rs 500 can be charged a small amount every month for investment, but such minor investment also benefits from the power of compounding. The final money cannot be very big in 5 years, but it can definitely meet small financial goals.

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If you invest 500 rupees every month
Every month, if you invest 500 rupees for 5 years, then every year it will get interest at the rate of 12%. In 5 years you will make a total of Rs 30,000, on which you will get an estimated return of Rs 10,552. That is, after 5 years, we will get Rs 40,552. You will not have to pay any tax on this.

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If you continue this investment for 10 years?
If an investor decides to continue this contribution for 10 years, then his maturity amount will also be tax free. In 10 years you will invest ₹ 60,000. You will get interest from 12% per year. That is, the estimated return will be ₹ 52,018. After 10 years, the final amount will be ₹ 1.12 lakh.