Can SIP or mutual funds make a person rich?

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Deal Lieutenant
Captainjack

Please share your views on this ? Should I start SIP with 5-7K monthly?

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Hunk Hunk
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जब तक sip करोड़पति बनाएगी तब तक करोड़पति की वैल्यू कुछ नही रहेगी जैसे आजकल लखपतियों की नही है।
वैसे आपको sip जरूर करनी चाहिए इससे सिस्टमैटिक इन्वेस्टमेंट की आदत हो जाती है।

Pro DealBaba Pro DealBaba
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@tappukepapa Let's say 10 saal baad jab nikalne ki jarurat pdi or us time market crash ho toh kya karna hai?
Pro Entertainer Pro Entertainer
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@kartikxxx Crash bhi hua, toh aaj se jyada hi amount hoga. And Sip mein crash se extra benefit milta hai. Extra MF units. Aur Mutual funds long term hota hai, 10 saal ki savings 1 saal mein zero nahi ho jaayegi.
Comrade Comrade
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I think its best option for people who don't follow share market but still get benefit.... Of course long term investment is required

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Pro Entertainer Pro Entertainer
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Rich definition depends on person to person. Sip will benefit in long term if done with decipline.

Pro DealBaba Pro DealBaba
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Long term matlab or exit lab leni hai ye kaise pta chalega

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Hunk Hunk
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जब तक sip करोड़पति बनाएगी तब तक करोड़पति की वैल्यू कुछ नही रहेगी जैसे आजकल लखपतियों की नही है।
वैसे आपको sip जरूर करनी चाहिए इससे सिस्टमैटिक इन्वेस्टमेंट की आदत हो जाती है।

Deal Lieutenant Deal Lieutenant
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Thank you I will sure keep that in mind
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Deal Subedar Deal Subedar
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hmmm investing makes you rich, 



SIP is just one of the way in investing:)) there are lots of ways to do investing:) 

so one way wont make you rich but if you try lot of other ways of possibilities then one day you WILL become rich:)  all the very best:)

Deal Lieutenant Deal Lieutenant
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I too agree with you please can you tell what other sources of investing will make me rich and yeah I have mutual funds as well. 
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Commentator Commentator
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Yes. Any investment can make you rich. Mutual funds are also one such. But try to increase the SIP amount if you can.

Deal Lieutenant Deal Lieutenant
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If my monthly come is 20000k How much should I invest and which company should I open my sip so that I can Get better interest 

What is the Idol interest% rate for SIP
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Deal Newbie Deal Newbie
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plus1

Deal Cadet Deal Cadet
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1) Ans:-Do sip in good company with growth potential that will gonna make you rich,Not this.

2)Ans:- yes, you should.

Deal Lieutenant Deal Lieutenant
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@OLDBOY Please can you List of Good Companies where I can Have SIP for betterment
Finance Mentor Finance Mentor
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SIP is only the best option, It will give you compound growth. But you have to invest atleast 30 Years to get Unbeliveble returns. Check the SIP calculator for further clearification

Deal Cadet Deal Cadet
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30k per month at 12% will return you 50 lac in 8 year

Keep it for 4 more years and you will get 1 cr after 8+4 year

Keep it continue for another 3 year, you will get 1.5 Crore

Add another 5 year and it will become 3 crore in 20 years

Just 30k sip can return u 3 cr in 20 years..
Screenshot20240627210822

Comrade Comrade
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I think its best option for people who don't follow share market but still get benefit.... Of course long term investment is required

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