Saving money is not easy, but it's essential to achieving financial well-being and securing your future. Every time you receive a paycheck, save a certain percentage of your income before spending money on anything else.
SIP in Mutual Funds is one of the best and easiest ways to save and grow the money . It helps you by investing small sums of money every month, over a period of time .This way, the money never hits your pocket, so you won't miss it.
Let's see through the story of Ram and Shyam and understand how the starting a SIP early helps the investor using Power of Compounding .
Mr. Shyam started investing in a systematic investment plan investing a sum of Rs. 30,000/- when he was 40 years old. By the time Mr. Shyam reaches 60 years of age, he would have invested Rs. 72 Lakhs and his investment grew on an average rate of 15% per annum.
Now let us consider Mr. Ram who starts out earlier than Mr. Shyam with the one fourth amount , of Rs. 10000/- from the time he was 25 years old or 15 years earlier than Mr. Shyam Mr. Ram's investment growing at the same rate of 15% per annum would end up as high as Rs. 11.41 Cr by the time he is 60 years old.
So while Mr. Shyam invested 4 times more than the Mr. Ram , but the one starting out early has made a substantial gain compared to the one starting out late.
AXIS BLUE CHIP FUND - GROWTH
AXIS MIDCAP FUND - GROWTH
HDFC TOP 100 FUND - GROWTH
MIRAE ASSET LARGE CAP FUND - GROWTH
SBI FOCUSED EQUITY FUND - GROWTH
SBI FLEXICAP FUND - GROWTH
Disciplined Way of investment.
Enjoy the power of compounding.
Benefit of Rupee Cost Averaging.
Auto Debit Facility.
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