New Delhi: Investing in mutual funds has not only become very easy but you can increase the amount of your investment many times in a few years in a very short time.
You will be surprised to know that through the long term equity fund of ICICI Prudential Mutual Fund, people have given 36 times returns in 20 years. Those who invested only Rs 1 lakh in ICICI Mutual Fund in 1999, today they are getting returns of Rs 36 lakh.
Not only do you save your tax with mutual funds, but it is also a better option to get returns. If a person had invested in SIP on a monthly basis of 10 thousand rupees, then now that price has increased from 24 lakh 20 thousand rupees to 2 crores 13 lakh rupees and the investors have got returns.
SIP means that the biggest benefit of investing in SIP is that you can save tax on taxable income up to one and a half lakh. Apart from this, it is a better option for saving your retirement. Not only this, you can get better returns by investing in SIP. Keep in mind, investing in mutual funds is a risk, but you definitely get the benefit of investing in the long term.
