Investing money is very important. Every person should save some part of his monthly income and invest it in a good investment scheme. Bank FD is a traditional option, while nowadays many people are also preferring to invest in mutual fund SIP, which is becoming a popular option.

Investment in Mutual Fund SIP-
You can create a good fund by investing in Mutual Fund SIP. Long-term investment gives the benefit of compounding, due to which funds worth crores of rupees can also be accumulated. It gives an average return of 12 percent. You can start SIP with just ₹ 250 per month.

1 crore fund from SIP of 1000-

Even if you invest Rs 1000 in SIP every month, you can collect funds up to Rs 1 crore. Now you will think that it will take a lot of years but if you invest with the formula of Step-up SIP, then you can accumulate a fund of up to Rs 1 crore in less than 25 years. In Step-up SIP, you have to increase your monthly SIP at a fixed rate every year. (Investment tips)

Suppose you start investing in SIP with Rs 1000 every month. Now you have to give a step-up to this monthly SIP at the rate of 20 percent every year. In such a situation, if you do this for 24 years, then you will invest a total of Rs 47,09,811 and you will get a return of Rs 55,54,169. In such a situation, you will have a total fund of Rs 1,02,63,980.

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