Business News: Save Rs 100 Per Day and Become a Millionaire! Here’s How

11 Sep, 2023 Author: Ayushee Joshi

Money Saving Tips: The total number of SIP accounts in the country has reached 6.81 Cr. Mutual funds are one of the most popular investing alternatives today. Almost every middle-class family and even the youth has begun to invest in mutual funds. If you want to invest in Mutual Funds, you may become a billionaire in 30 years by saving Rs 100 every day with the help of proper guidance and knowledge about SIP investment.

SIP Investment Tips to Save Money

Despite the market having a number of options for mutual funds, always look for a mutual fund that has a minimum return of 12%. To become a millionaire, you must save Rs 100 every day. According to calculations, saving Rs 100 every day would add up to Rs 3,000 in a month. Based on this criteria, you must invest Rs. 3000 per month for 30 years, with your mutual fund giving an interest of 12% every year. Being patient and consistent is the key to become a millionaire if you follow this method for the next 30 years.