SIP Investment Tips: Do you also want to become a millionaire, investing just Rs 11 thousand will make you rich, know how…

SIP Investment Tips: In today's busy life, it is very important for everyone to save money. People invest their money to save money. There are many options for investment (SIP Investment), but if you want to earn huge profits by investing money or want to collect a big fund, then investing in SIP will be the best option for you.

By investing your money in mutual fund SIP, you can accumulate a huge corpus in a few years. Let us know what is the formula for investing in mutual fund SIP.

You will become a millionaire with SIP of 11 thousand every month

You can raise a fund of Rs 1 crore by investing Rs 11 thousand every month in SIP. Suppose if you regularly invest Rs 11,000 every month in SIP for 20 years, then after 20 years your total investment will be more than Rs 26 lakh.

If you get 12 percent return every year in SIP investment, then you can add a fund of Rs 1.09 crore after 20 years. Whereas if you get a return of 15 percent then you can create a fund of Rs 1.06 crore.

SIP Investment Tips: On what factors do returns in SIP depend?

There is different information regarding SIP investment. If you want big profits or returns then you will have to invest in SIP for a long time. Whereas if you want less returns then you can invest for less time.

However, if you invest more every month, you will get more returns. In such a situation, to earn maximum profit from SIP, invest more for a long time, so that your dream of becoming a millionaire can easily be fulfilled. Life will also be spent happily.