No race to become a billionaire, just talk about a secure future. The easiest way to accumulate Rs 43 lakh with small investments.

News India Live, Digital Desk: Many of us think on the first of every month that we will save at least 5-10 thousand rupees this time. But by the end of the month it is not known where that money goes. Then we postpone our plans to the next month. If I tell you that you do not have to save a huge amount at once, but just control your daily small unnecessary expenses, then? What is the whole mathematics of ₹ 411? Here we are talking about SIP (Systematic Investment Plan). Suppose you save around ₹411 every day. That means your total savings in a month is approximately ₹ 12,330. Now, if you deposit this amount every month in a good ‘Mutual Fund’ and you get an average annual return of 12% to 15%, then over time it does the magic of ‘compounding’ for you. If you run this investment continuously for 15 years, then there will be an amount in front of your eyes that you will be proud of, around ₹ 43 lakh to ₹ 50 lakh (depending on the market returns. Compounding: Your Faithful Friend There is an old saying in the world of investing that “Money grows not just by earning it, but by putting it to work.” When you deposit small amounts every month, you not only get interest on the money you deposit, but also ‘interest on interest’. The age of 15 years is a time when your small savings start growing like a snowball. Some important things to keep in mind: Discipline: The most important thing is to invest every month without forgetting. Sometimes the market will go up, sometimes down, but you do not have to stop your SIP. Patience: One does not become rich overnight. This investment is for those who want to lay the foundation of their future peacefully. Risk understanding: Since mutual funds are market linked, there is a little risk involved. Always invest your money after talking to a good financial advisor or doing proper research. On the fly…we often underestimate the value of ₹400-₹500. Once you eat out or do some unnecessary shopping, so much money gets spent. But if this money is sown as a ‘seed’ today, then after 15 years you will have a huge ‘tree’, which will support your retirement or your children’s dreams. Starting is the hardest part, after that the journey is all about consistency.