It is necessary to start investing in a young age
It is most essential to raise large amount of money in the future. Start investing in a suitable investment instrument at an early age. For example, if someone plans for 20 years at the age of 21-22 years and then invests in disciplined manner, then there is no doubt that when approaching the age of 42, he will raise the amount which he has Was planning.
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The fluctuation in the stock market remains. In such a scenario, SIP is one way that you can expect to raise the targeted amount in a timely manner. On average, you can easily expect a return of 12-15 per cent from the money invested in mutual funds.
Investment depends on returns
In order to get 15% returns, you will have to deposit 33,000 rupees every month to raise 5 crore rupees in 20 years. On the other hand if 12 percent returns are expected, which is a little more practical, then you have to deposit approximately Rs 50,000 per month to raise Rs 5 crore in 20 years.
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Selection of two-three mutual funds
Often, selection of two to three mutual funds is better. By keeping your portfolio limited to two, you can do her management properly. In this process, you can invest in a small cap scheme, mid-cap, infrastructure schemes, which give better track record and good returns with the help of Financial Experts.
Insurance policy at an early age
It is best to take an insurance policy at the age of 21-22, because at this age you have to pay a very low premium. In addition, you can take a higher amount of policy at a lower premium. For example, if you give 15 thousand rupees annually for a policy of Rs 5 lakh, at the age of 30, then a policy of Rs 7-8 thousand or less can come in the age of 21-22. Apart from all these companies, it is also easy and secure for you to pay more money.
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Decided to take home
In India, people often decide to take home at a higher age. But if you are more likely to take risk in the age. In addition, you will get 30 years of bank loan easily for more than 20 years. Not only this, since you have more time, if you decide to sell the house after 5 or 10 years, then you get a good return too.