Systematic Investment Plan (SIP)
SIP is the best medium for long-term investment. SIP is not an investment tool. It is a way to invest in mutual funds. However, the big question is, how can you make big capital with minimal investment?
Experts believe that through SIP, if you invest 15 thousand rupees per year for 30 years and you get a return of 15% per year, then you can make capital of 10 crores. Although this may seem a bit overestimate, if you remain invested for 30 years, you can comfortably make a corpus of Rs 2 crore.
However, you will have to invest at least 10 thousand rupees per month. Since this is a long-term savings plan, you will have to stay invested for a longer period and make regular investments. SIP allows you to invest a predetermined amount in a mutual fund regularly.