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News India Live, Digital Desk: We all want to have so much money that we can live our lives happily. A big house, a good car and no worries about money in old age. But, the biggest problem for the middle class man is that “How to save money?”

Inflation has increased so much that we do not even know when the salary comes and goes. Bank’s FD and RD do not give enough interest that we can become rich.

In such, Mutual Fund It has emerged as a magic lamp which has given even common working people a chance to become millionaires in the last few years. Today we will talk about that formula by which you can earn money by investing a very small amount. ₹1.13 crore (1 crore 13 lakh) Can prepare a big fund of Rs.

Formula to become rich: ‘SIP’ (Systematic Investment Plan)

Friends, to become a millionaire it is not necessary for your salary to be in lakhs. is necessary Discipline And invest in the right place,
in mutual funds SIP It means deducting a small amount from your bank account on a fixed date every month and depositing it in the fund. Like in childhood we used to put coins in the piggy bank.

How to touch the magical figure of ₹1.13 crore?

Suppose, you make a goal from today. You think you every month ₹5,000 to ₹7,000 Can save. This amount sounds small, but if it is invested in the right mutual fund (especially equity funds) for a long period, compounding makes it a rocket.

Understand mathematics:

• Monthly Investment: Suppose you ₹8,500 Started SIP per month.
• Time: You have to be patient—almost 20 years till.
• Returns (estimated): Indian stock market and good mutual funds have given average returns in the long run. 12% to 15% Has given return.

If you need to use this small savings of yours 15% annual return If you get it, the amount you will have in your hand after 20 years will be shocking – Approximately ₹1.13 crore!

Think about how much you deposited out of your own pocket? Only Rs 20-21 lakh.
And how much did you get? More than 1 crore! This is the ‘Power of Compounding’.

Which fund to choose?

There are thousands of funds in the market. But if your vision is more than 10-15 years, then Small Cap And Mid Cap Funds have the potential to give the highest returns.

• Funds of many companies like Nippon India, SBI, and Quant have given bumper profits in the last years. (Note: Do research before investing).

The result of patience is ‘millionaire’

The problem is that people want to withdraw money within 1-2 years. Mutual fund is not a lottery, it is a plant which takes time to grow into a big tree. Sometimes the market will fall, sometimes it will rise, you just have to stand firm.

What to do today itself?
Reduce wasteful expenditure. Save some money from those pizzas, burgers and weekend parties and start your SIP today. Because tomorrow never comes, and inflation waits for no one!

Becoming rich is not luck, it is a decision. Are you ready to take that decision?