‘I am 25 years old, 50 thousand … saves 10000 rupees monthly’, do you know what to change after 20 years? – Save Rs.

Abhinavu is 25 years old, resides in Delhi and does a private job. His monthly income is about Rs 50,000. Abhinav saves about 10,000 Rs. Abhinav knows that this savings are not enough and he has to save more money.

But at this time, Abhinav has decided to invest in the mutual fund every month. Abhinav says SIP is a great investment option in today’s era. Joint is available. He currently wants to continue this investment for 20 years. But his question is, whether or not to invest 10 thousand rupees in the future, there is no financial crisis in the future.

Investment begins with a monthly Rs.10000

Let us know how much money Abhinav will return after 20 years. For example, if Abhinav invests Rs 10,000 every month, it has an average annual income of 12%. Accordingly, Abhinavu will get a total of Rs.94.92 lakh after 20 years. At the same time, in 20 years, Abhinav has to deposit a total of Rs 24 lakh. Of this, the total amount of investment of Rs.

That is, when Abhinu is 45 years old after 20 years, he will have about Rs 95 lakh. Now, considering inflation, the average inflation rate in India is 6% annually, and after 20 years, the purchase power of Rs.

At this time, Abhinav’s marriage, home, children’s education and pension will have to be planned. The amount deposited in the SIP will provide a strong base, but not completely enough. This is because inflation increases and the investment is less. By the way, according to the financial formula, Abhinav must save 30 percent of his income, that is, at least 15 thousand rupees every month.

What options do Abhinu have?

However, if the annual income of 15 percent of the monthly investment is Rs. One equation is that if Abhinav continues for 30 years, a total of Rs.

For example, Abhinav Delhi may have a good 2 bHK flat, with inflation at Rs. 1.5-2 crore after 20 years. For this, Abhinav should no longer increase his SIP amount. Additional savings may be required for costs such as education or marriage.

Increase investment every year

Abhinav knows that the SIP of Rs. For example, if he increases the SIP every year (10,000 in the first year, 11,000, 12,100), he can cancel about 1.5 crores after 20 years.

Abhinav must decide to invest in mutual funds, as well as some amount of date in financial and gold, thus reduces the risk. In addition, Abhinav must have an emergency fund in a bank account and this amount must be the same, so if the house costs will go at least 6 months.