You can calculate the estimated investment amount using the Mutual Fund calculator.
It is also important to keep in mind that your daily expenses are not affected.
It has to be understood that how much amount will be needed for the goal.
New Delhi. Mutual Funds are the most popular and attractive investment tools of the new age. If you are also planning to invest money in this, but do not understand how much money to start with, then you can know the solution from the expert.
Vikas Singhania, investment advisor and CEO of TradeSmart, says that the biggest problem faced by new investors investing in mutual funds comes about its amount. They do not understand how much to start investing with. In such a situation, it has to be understood that for what purpose you are investing and how much amount you will need for that. After this, you can calculate the investment amount with the help of estimated rate of interest through mutual fund calculator.
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However, it has to be kept in mind that the interest rate of return in long investments may be slightly higher than your estimate.
Can be up or down. This volatility is more visible especially in equity products related to the stock market.
invest a little more money than expected
Experts say that the goal you have started to achieve through mutual funds and the amount of investment has come out through the calculator, in fact you should invest only a little more than that. With this, you will be able to meet your target more easily by overcoming the ups and downs of the market. It is possible that if the interest rate on the return that you have estimated is less, then it will be compensated by the amount invested.
Investor’s minimum limit also fixed
Experts say that although the minimum limit for investment in mutual funds is also fixed and you can start it with an amount of Rs 500, but after deciding your goal, it would be better to invest the maximum amount in it. However, while doing this, it is also important to keep in mind that your monthly budget and everyday expenses are not affected. You can start investing in mutual funds with a minimum amount of Rs 500.
Understand the math of investing like this
Suppose you have set a target of raising Rs 50 lakh in the next 10 years. If you invest in mutual funds on this, it is estimated to get an annual interest of 10 percent, then you will have to invest Rs 24,408.7 every month. In this way, your total investment will be Rs 29.29 lakh in 10 years, while you will get Rs 20.71 lakh as interest and your goal will be easily achieved.
Tags: business news in hindi, Investment tips, Money Making Tips, Returns of mutual fund SIPs
FIRST PUBLISHED : August 15, 2022, 11:03 IST