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Ahmedabad News: US Ambassador Eric Gasanti has visited Ahmedabad. He had darshan at Kalupur Swaminarayan Temple. They will visit mythological and spiritual places. Enjoyed sipping tea and tasting almonds during the heritage walk in Ahmedabad.
Many investment options have opened up in modern times. If investment is started at a young age then there is no problem later on. Most people start their investment choices at an older age, thereby missing out on the opportunity to accumulate good sums.
One can earn crores of rupees by investing at a young age. It is shown here that if you start investing just 50 rupees per day through mutual fund SIP, you will get crores of rupees till retirement age. If you are in 10th or 12th standard then you have good chance to accumulate crores of rupees.
Investment through SIP from 10th standard
If you are a student and want to invest from class 10, you can start saving Rs 50 per day. 50 rupees per day means 1500 rupees will be deposited in your account every month. This amount can be good for mutual funds every month.
How much amount will be deposited
As per the calculation, Rs. per month till the age of 45 years or till retirement at the age of 60 years. 1500 invested, with 12% annual return of Rs. A whopping amount of 3.32 crores can be collected. If this return stays at 10%, by the age of 60, your accumulated amount will be Rs 1.5 crore.
Stay after 12th
If you start investing through SIP after 12th standard and if your age is between 17 to 19 years and invest Rs 1500 per month you can get Rs 1.78 crore at 12% return by age 40. At the same time, Rs 95 lakh can be deposited till the age of 60 at an annual return of 10%. However, if you want to invest risk free then you can invest in government schemes like PPF NSC.
