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Inflation is increasing rapidly in today's era. In such a situation, if you do not save money for the future, then there may be problems in the future. But if you save and invest a fixed amount every month with a little wisdom, then you can easily create a big fund. The easiest and most effective way to do this is to invest in mutual funds through SIP,

SIP, i.e., Systematic Investment Plan, is a method in which you can invest a fixed amount in mutual funds every month. This method is very good for those who cannot invest a large amount at once, but want to add money gradually.

How to create a fund of ₹ 50 lakhs through SIP?

Suppose you invest ₹ 10,000 every month in SIP and you get an average return of 12% every year, then in 15 years your total deposit capital will become about ₹ 50,45,760. This means that by investing just ₹18 lakh (₹10,000 × 12 months × 15 years), you can create a fund of more than ₹50 lakh.

The magic of compounding
The biggest advantage of SIP is compounding, which means you not only get a return on your investment, but also the next return on that return. This is the reason that the longer you invest, the more benefit you get. If you save a small amount every month and invest it correctly, then you can easily do many big things, like buying your own house, saving money for children's education, or retirement.

If you start SIP at the age of 25 or 30, you will get long-term benefits, and you will be able to create a fund quickly. By starting investing early, you can create a big fund even with a small amount. Whereas if you start after the age of 40, then you will have to invest more to achieve the same goal.

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