Business Services & News:10,000 Rupees Can Be Changed to Millions

If you also want to be rich by investing less, learn how to invest.

New Delhi: Investing in mutual funds has not only become very easy but you can multiply your investment amount manifold in a very short time.

You will be surprised to know that the long term equity fund of ICICI Prudential Mutual Fund has given 36 times the return to the people in 20 years. In 1999, those who invested only Rs 1 lakh in ICICI Mutual Fund are getting their returns as Rs 36 lakh today.

Mutual funds not only save your tax but are also a better option to get these returns. If a person had invested rs 10,000 per month in SIP, the price has now been raised from Rs 24 lakh 20,000 to Rs 2 crore 13 lakh in return to investors.

You can make tax savings on taxable income of up to 1.5 lakh, the biggest advantage of investing in SIP IE SIP. In addition, it is a better option for saving your retirement. Not only that, you can get better returns by investing in SIP. Keep in mind, there is a risk in investing in mutual funds, but you definitely get the benefit of investing in the long term.

The news is on the expert's claim. Business News does not confirm this. You must consult your expert before applying any suggestions.