How to earn interest on 50K?
Mutual Funds are the best way to earn interest on 50k (Rs 50 thousand) in a systematic way via SIP in MF of Rs 50,000 to to grow your money upto Rs 8 crore in 19 years by step-up 8 % yearly.
How much you step up affect my return on investment sbi, HDFC: Calculation
Without Step Up Returns you can achieve –
Up to 5 crores in 19 years.
With Step-Up SIP yearly by 8%, returns-
Achive upto 8 crores in 19 years.
SIP in MF is so easy because you can allow auto deduction of money from your account to invest in SIP on monthly basis easily.
What other factors you should remember before investing –
A diversified equity allocation can help in achieving in this aggressive portfolio goal of 8 crore after 19 years.
Large cap funds have a 50% allocation, with the goal of maintaining stability and growth. Mid cap funds have a 25% allocation, which could lead to better growth. Small cap funds allocate 25% of their assets to smaller companies with significant growth potential but higher risk.
Regularly reviewing your mutual fund portfolio is critical to achieving your goals. Adjust your portfolio to reflect changes in financial goals or life stage. Seek advice from an 360 degree investing specialist in india to assist you build your portfolio and continue focused on your retirement goals.