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Investment Planning in Kannada | How to Build 6 Cr Corpus with Rs 5000? | Kannada | Sonu
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Many people prefer to begin investing when they have enough money to do so. They think more than regular small-dollar investments will be needed to help them reach their lofty long-term objectives. Because of this, a lot of them postpone their investments indefinitely. However, they would be shocked to learn that by making a monthly Systematic Investment Plan (SIP) investment of just Rs 5,000 in an equity scheme, they could build up a corpus of Rs 1 crore in just over 20 years.
Investing in an equity mutual fund scheme through a SIP is the best way to accomplish your long-term objectives. In comparison to other asset classes, equity has the potential to offer better returns. You can also beat inflation, which is essential for achieving long-term objectives. Additionally, they pay favourable taxes. Long-term capital gains tax on investments held for more than a year is no longer applicable.
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