Written by MFJ Team 01 Feb, 2024
Hey!!!
🙂
If you invest Rs 3000 every month through SIP in mutual funds, you can earn good returns in 5 years.
Mutual
Fund
Jankari
Returns depend on the Mutual Fund Scheme.
“If you start investing early, you can enter the retirement phase at the age of 40. Lets See how much you get?
In 5 years you will get ₹4.12Lakh where You invested 3 lakhs.
While you have got a return of ₹ 1,12,432 in just 5 years, you will not get this return in any scheme except mutual fund schemes.
This Return has been calculated @ of 12% per Annum.
Aloha!!
😃
But you can make more returns in just 5 years with this same amount.
If you have invested this amount in Hybrid mutual fund then you get 15% return annually.
If you dare to take risks then you can invest in small-cap mutual fund schemes.