Mutual funds are a good option for double the money fast. It gives higher returns than other schemes.
There are many types of schemes available for investment, but Mutual Fund is a popular way to raise money fast. In this, returns are higher than other schemes. If invested through SIP, the risk is also low. In this, you can add a good amount for a fixed time with a small amount. With this fund, you can comfortably take care of your children’s wedding and their education.
How to make fat fund
If you want to create a fund of more than 50 lakhs, then you have to deposit only 1500 rupees every month. That is, you have to save 50 rupees per day. According to the calculator given on the Franklin Templeton of India website, if you get 12% return on it, then after 30 years you will get around 53 lakh rupees. On the other hand, if you invest only 1000 rupees every month in the mutual fund scheme, then after 20 years, you will have a fund of 20 lakh rupees ready.
What are the types of mutual funds
There are usually four types of mutual funds. These include equity mutual funds, debt mutual funds, hybrid mutual funds and solution oriented mutual funds. Each has its advantages and disadvantages. Investors invest in it according to their choice and background of the company. According to experts, it is better to invest in the current level for long-term, which are mutual funds with better returns.
How to invest
If you are planning to invest in a mutual fund, then you can invest directly by getting information from the website of that company. If you want, you can also use the service of a mutual fund advisor. You can invest in a direct plan of a mutual fund scheme if you invest directly from yourself. On the other hand, you invest in a regular plan by investing with the help of an advisor. The advantage of investing in a direct plan is that you do not have to pay commission.