How can I invest 3000 rupees per month?
How can I invest 3000 rupees per month?
- SBI Bluechip Fund. This is one of the most popular fund houses in the large-cap category.
- Nippon India Large Cap Fund Growth.
- L & T Mid Cap Fund Growth.
- HDFC Small Cap Fund.
- L & T Emerging Business Fund Growth.
- Aditya Birla Sunlife Growth.
- DSP Equity Opportunities Fund.
- Nippon India Equity Hybrid Fund.
Should you invest Rs 5000 per month for 20-30 years?
There is absolutely no need to keep investing just the originally decided amount of Rs 5000 per month for 20-30 years. Your income would increase every year. So your investments too should increase accordingly. Isn’t it? Just imagine what would happen if you decide to go for a Step Up SIP? An SIP that increases every year in line with your income.
How to build Rs 1 crore by investing Rs 5000 monthly?
Did you know that by investing just Rs 5000 every month in equity mutual funds through a monthly Systematic Investment Plan (SIP) can create a corpus of Rs 1 crore in 15-20 years? This might seem surprising. But you can easily accumulate Rs 1 Crore by investing just Rs 5000 Monthly.
How much should I invest in SIP for 10 years?
And just notice this – If you invest Rs. 5000 per month via SIP for 10 years, you are actually just investing about Rs 6 lakh. But return you are getting is around Rs 12 lakh. It is double of what you originally invested over the 10-year period. And the longer you keep investing, the better the returns get!
How do I invest my monthly surpluses?
List your long-term financial goals and then invest your monthly surpluses accordingly in equity funds, preferably multicaps, through SIPs. You may consider any of these—Axis Multicap, ICICI Prudential Multicap or SBI Magnum Multicap. Opt for direct plans. Stay invested for at least seven years.