FAQs
The answer is Yes. ETMutualFunds did some data crunching and found that a monthly SIP of Rs 20,000 would have turned you into a crorepati in a decade. The toppers in the list were from Quant Mutual Fund. A monthly SIP of Rs 20,000 in Quant Small Cap Fund would have grown to Rs 1.04 crore in the last 10 years.
How much should I invest in mutual funds to make 1 crore? ›
To reach this corpus, let us assume that the expected rate of return on your returns is 6.5%. Then using the Groww SIP calculator, you would be required to do a monthly SIP of Rs. 809000 approximately, every month to reach 1 Crore in a year.
How will compounding work if you are investing RS 500 month? ›
Compounding in SIP: How to get more than Rs 21 lakh
For example, if you started investing with Rs 500, then next year you will have to invest 10 per cent of Rs 500 i.e. Rs 50, i.e. Rs 550. In the next year, 10 per cent of Rs 550 i.e. Rs 55 will have to be added to it.
Which mutual fund can make you rich? ›
Which type to choose ? :
- If you want to play safe , always choose large cap.
- If you want to create wealth aggressively choose small cap and mid cap fund.
- If you want to go in a balanced manner then choose a combination of Large , Small and Multi Cap fund.
- If you want to save tax choose ELSS funds.
Jiral Mehta, Senior Research Analyst, FundsIndia said that in this strategy, if you invest Rs 10,000 every month, assuming annual returns of 12 per cent, it takes 8 years to reach the Rs 16 lakh maturity amount.
Do billionaires use mutual funds? ›
High net worth individuals put money into different classifications of financial and real assets, including stocks, mutual funds, retirement accounts and real estate.
How to get monthly income from mutual funds? ›
Yes, you can earn monthly income from mutual funds through two main ways: dividend option and systematic withdrawal plan (SWP). The dividend option distributes a portion of the fund's profits to investors periodically, while SWP allows you to withdraw a fixed amount from your investment at regular intervals.
How to earn 10% interest per month? ›
Here's my list of the 10 best investments for a 10% ROI.
- How to Get 10% Return on Investment: 10 Proven Ways.
- High-End Art (on Masterworks)
- Invest in the Private Credit Market.
- Paying Down High-Interest Loans.
- Stock Market Investing via Index Funds.
- Stock Picking.
- Junk Bonds.
- Buy an Existing Business.
What is the 15x15x15 rule in mutual funds? The mutual fund 15x15x15 rule simply put means invest INR 15000 every month for 15 years in a stock that can offer an interest rate of 15% on an annual basis, then your investment will amount to INR 1,00,26,601/- after 15 years.
How much is $500 a month invested for 30 years? ›
What happens when you invest $500 a month
| Rate of return | 10 years | 30 years |
|---|
| 4% | $72,000 | $336,500 |
| 6% | $79,000 | $474,300 |
| 8% | $86,900 | $679,700 |
| 10% | $95,600 | $987,000 |
Nov 15, 2023
For example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money.
How much is $5000 for 5 years in SIP? ›
How much is Rs. 5,000 for 5 years in SIP? If you invest Rs. 5,000 per month through SIP for 5 years, assuming 12% return. The estimate total returns will be Rs. 1,12,432 and the estimate future value of your investment will be Rs. 4,12,431.
Can I get rich off a mutual fund? ›
It is possible to become a millionaire by investing in mutual funds, but it is not guaranteed. Mutual funds are investment vehicles that pool together money from many investors and use that money to buy a diverse portfolio of stocks, bonds, or other securities.
What is the safest investment with the highest return in India? ›
1. Fixed Deposit (FD) Offering a much higher interest rate than a regular savings account, fixed deposits with banks are still considered one of the safest investments.
Which type of mutual fund gives highest return? ›
Quant Small Cap Fund(G) tops the chart with over 39% returns followed by Quant Mid Cap Fund(G), Nippon India Small Cap Fund(G), Quant Flexi Cap Fund(G) and Motilal Oswal Midcap Fund-Reg(G) in the same pecking order. 1.
Can you build wealth with mutual funds? ›
Long-term wealth creation is one of the primary reasons why investors are drawn toward mutual funds. Prudent investment in them can help you build wealth for various short and long-term goals.
Can you make a lot of money with mutual funds? ›
Stock mutual funds have the highest potential for returns, but they also carry greater risk. Over time, the typical large stock fund has returned an average of about 10% annually, and some higher-risk funds specializing in riskier small-company stocks have earned even greater returns.
Can you make a living with mutual funds? ›
You can also make money via capital gains. This is similar to the share market, where you buy the units of a mutual fund for a particular price, and when the price of your units increases at some point in the future; you sell your units and earn a profit.
Has anybody made money in mutual funds? ›
I have made good amount of money from my MF investing with proper planning. So I booked some profits as i needed money for construction of my home in October around Rs 5,80,000/- in which i had gain of around Rs 2,11,834. Hope this help. But you to understand a lot of planning has gone before investing any amount.
