New Delhi: With increasing financial awareness, investments in mutual funds are also increasing. Mutuals funds are providing better return than Bank FDs. There are many debt mutual funds who have given more than 10 percent return to investors in previous year. On the other hands equity mutual funds have provide more than 30 percent return. This rising popularity is backed by the number of AUMs. In the fiscal year 2023-24, mutual fund assets increased by 34 per cent, marking the highest growth in seven years. Women are investing more via SIPs with a long-term investment outlooks in mutual funds. This trend highlights the growing popularity of mutual funds among various categories of investors. You can also accrue a good amount of money through monthly SIP in Mutual Funds. Let’s take a look on how much money should you invest in SIP to earn 50 Lakhs in 12 years.
How to earn 50 Lakh through mutual funds?
Founder and CEO of Credence Wealth, Kirtan Shah told Money9 that to earn Rs 50 lakh in 12 years, SIP of Rs 16,000-17,000 should be done in Mutual Funds through SIP route every month. Here, the return on investment is expected to be around 12 per cent. If you lack funds, at present, then you can opt for Step-up SIP. Under Step UP SIP, investors increase the amount of investment gradually. He has advised investors to diversify their funds and contribute an equal amount to small, mid and large cap funds.
AUM does not guarantee high returns
If you are a mutual fund investor, then it is important for you to understand that high AUM does not guarantee high returns. If the size of a fund is small, it does not mean that the returns will be less and you should not invest in it. In terms of returns, the schemes of small companies are also performing well.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
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Mutual Fund Calculator: In the fiscal year 2023-24, mutual fund assets increased by 34 per cent, marking the highest growth in seven years. This trend highlights the growing popularity of mutual funds among various categories of investors. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
