Sip investment plan: If your salary is ₹ 30,000 per month and you think it is impossible to become a millionaire in such a low income, then the time has come to change the thinking. Just a little discipline, right plan and investment habit – these three things can make you financially free in future.
Despite having less income, if you use a little savings every month as investment, then over time this small amount can be converted into a big property. Investment is not only for the rich, but also for middle class and lower income people.
SIP (Systematic Investment Plan) is a tool that allows to invest a fixed amount every month in mutual funds. Its special thing is that you can start with only ₹ 250, and gradually increase the amount.
If your income is ₹ 30,000 per month, then you can easily invest ₹ 4,000 and invest in SIP.
Suppose you started a SIP of ₹ 4,000 every month and kept investing continuously for the next 30 years.
That is, this small savings of yours can be converted into crores in the long term.
This is amazing of “compounding” – that is, the process of getting interest on interest as well. The longer the time to invest, the faster your zodiac sign will increase.
