Mutual fund schemes are an investment scheme recommended by many financial advisors. In the long run these can not be matched by other savings plans like the substantial returns they give. In this article you can see how much profit you can make by setting up a 10 year investment in Large Cape Mutual Funds.
SIP, a monthly investment plan is currently popular. When investing in mutual funds as a whole they are more likely to collapse. That is, we would have bought units at an average price when the mutual fund’s NAV (Net Asset Value) continues to invest systematically. Through them the risk is spread and the loss is reduced. This will not be a risk for up to 10 years.
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Mutual funds are called AUMs. The AUM is the total value of money held by a bond company, known as asset under management. According to the AUM, by 2022, SBI, HDFC Bank, ICICI Bank, Nippon India, Axis, D.C. SB, Kotak, Tata, Aditya Birla, L&T. Of this, SBI, a public sector undertaking, alone manages Rs 6.4 lakh crore. The 10-year average return on large cap bonds of these top 10 mutual fund companies is 13%. If one had invested Rs 2 lakh 10 years ago it would have grown to Rs 6.7 lakh today.
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In this case, if we had invested Rs 5,000 a month in LargeCap Mutual Funds for the next 10 years, we would have paid Rs 6 lakh. Even if it gives at least 11 per cent return, we will get Rs 10 lakh in the end. Even if a person earning Rs 30,000 invests 20 per cent of his salary from today, he may become a millionaire in the next ten years.
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