Most people don’t understand the rationale behind making millions out of safe, easy and regulated investments in Mutual Funds. Investments pave the easiest way to your first million, provided, you adopt the investment mindset to make timely or regular small investments, which would have become a million in not 10 but just 5 years!
Well, the average 10-year return on Mutual Funds in India is 20%! And the simple calculation we’ll follow here takes into consideration a return of 15% to give you real returns considering both the market corrections and fluctuations! If you make an SIP (Systematic Investment Plan) of 11,151 (like seriously, i.e. INR 371 per day!), for 5 years in any equity mutual fund (be it large, mid, small cap or any other category) giving an average 15% return, you’d have accumulated one million in 5 years! So yeah, Mutual Funds, if invested in wisely can definitely make you a millionaire, ladies! For more such calculations, feel free to use our SIP calculator and take the first steps towards your wealth!
