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Have You Heard Of Plant which Gives You Money ; Yes It Is Mutual Fund Plant

I want to invest Rs 1000 per month

Year 10: Rs 2.4 lakhs Do you want to invest Rs 1000 per month ?
Start a SIP in Equity Mutual Funds. Over the next 5 to 10 years you can create significant wealth.
Here is how much your money can grow at the rate of ~12% per annum if you invest Rs 1000 per month.
·         After year 5, you can have: Rs 0.9 lakhs
·         After year 8. you can have: Rs 1.7 lakhs 

If you continue doing this, you can have the following amounts in:

·         Year 15: Rs 5 lakhs
·         Year 20: Rs 9.7 lakhs
·         Year 25: Rs 18 lakhs
·         Year 30: Rs 32 lakhs
·         Year 35: Rs 58 lakhs

Imagine if you are a 25 year old who starts investing Rs 1000 and continue to do it till you retire at the age of 60 – Your small saving per month will grow from Rs 4.2 lakhs (1000 x 12 months x 35 years = Rs 4.20 lakhs) to Rs 58 lakhs.
That’s the magic of compounding and investing in the Equity asset class on a regular basis.
Note: The 12% return is a conservative assumption as Equity as an asset class has given a return of 16 – 17% per annum over the last few decades. However, there is no guarantee that it will grow at such rates hence the 12% assumption.