Achieve ₹14.25 Crore with SIPs! | Money Matters Ep. 14 | Ankur Warikoo Hindi

"If you do this for 30 years, then after 30 years, you will have PF, which is growing at just 75 per cent and it is fixed, the government fixes it, currently its rate is 8.1 per cent, but let's assume around 7.5 per cent over a period of time and it will grow at 5 per cent every year. After 30 years, you will have Rs 1 crore 26 lakh and Rs 1 crore 26 lakh."

"Look at the first SIP of 8000. We are increasing that 8000 amount by 5 every year and it is giving us 13%. If you do this for 30 years, you will have 5 crore 15 lakh rupees."

"We will also take the second mutual fund of Saaj at 5, its return will increase every year at 15%. And if you do this for 30 years, you will have 4 crore 4 lakh rupees."

"If you do only these things, you will have 14 crore 25 lakhs. ... If you start the third SIP from ₹0 and increase it by ₹5 every year, it will earn ₹18 crore and by the age of 30 you will have around ₹4 crore 75 lakh."

"If you start the third SIP from ₹0 and increase it by ₹5 every year, it will earn ₹18 crore and by the age of 30 you will have around ₹4 crore 75 lakh."

"If you do only these things, you will have 14 crore 25 lakhs."

"SIP of Rs. 7,1000, 750 on Nifty 50 Index Mutual Fund If you invest in the fund for six years, you will have accumulated Rs. 1000. It is not guaranteed but approximately at the end of that period, if you keep that Rs. 2300 in the same fund and do not touch it, meaning you do not do any additional SIP, then after 10 years, the amount will have become Rs. 71000."

"you will invest the same Rs. 000 for the next six years, correct, so ok 50, and suppose instead of investing in this policy, you will invest it in mutual fund stocks in the form of SIP, let's assume your rate of return is 12, and then you will invest it for six years, when you invest for six years, you will have Rs. 2,1000,"

"if you are ready to say goodbye to this 80000 rupees, then in the same 20 years, whatever the insurance company is telling you, which was giving you 10 lakh rupees, you will get 18 lakh rupees"

"term life insurance for one crore, and for this you should not have to pay extra money, you should let the insurance plan of Rs 000 lapse, by closing the insurance plan of Rs 21, okay, now what will happen with this, your insurance plan of Rs 000 will not bother you, at least not for the next seven years, because you had already made it in your mind that if that Rs 000 is lost, it will be there After 7 years, your premium of Rs 17 to 00 will pinch you much less because your income would have increased and inflation would have reduced the value of money, so it will be far easier for you to handle that. Step three, this would be my opinion again. Close the other insurance of age 27. Well, because in this also you are getting that Rs 10 lakh. On an average, you pay Rs 2250 per month, which is for Rs 000 per year. If you invest this thing in the stock market, let's say at Rs 12, then I am playing it very safe. The plan which I will tell you now for your investment will be a little more risky than this because I think you can take risk in your age, so let's say at Rs 12, and you are going to pay this for the next 12 years, so after 12 years you will have around Rs 25,000. If you keep the 725000 rupees, do not touch it at all and keep it for eight more years because after 20 years you are going to get the money, you will have 17 lakh 9 thousand rupees, they are giving you 10 lakh rupees, it is a loss, any case alone they are giving you 10 lakh rupees, it is a matter of fact that 27 * 30000 rupees are gone, but if you are ready to say goodbye to this 80000 rupees, then in the same 20 years, whatever the insurance company is telling you, which was giving you 10 lakh rupees, you will get 18 lakh rupees"

"My opinion would be that you should cancel both these insurance policies. And it is possible, it is absolutely possible, you will not get your money back, you will not get your money back, the money is gone, that 1.5 lakh rupees is yours, but why am I suggesting this to you because this is a stupid thing, 1.5 lakh rupees is 1.5 lakh rupees, because if you invest these 21 and 27,000 rupees for these 10 and 12 years period, then I say safely, I do not mean that I will take a huge risk, I will not go to any speculative market and play crazy games, I will start a simple mutual fund SIP, you will recover this 1.5 lakh and far more in that 10 to 12 year period, but you have to buy a separate insurance policy for yourself, and the money that you will save by cutting or stopping this policy, you will invest it back, you will not spend it, you will not waste it, and that money will make a lot more money for you, then 20 lakh promise to you, and the 4 and a half lakh promise to you, here is how the math is, okay"

"Your corporate already has health insurance, so that can take care of it. And as soon as you change your job, whenever you change, you should also get a health insurance for yourself. That is something you should invest in. If you are able to include your parents in it, then please do so. If you cannot, then absolutely buy it for yourself because it is at least securing your own health expenses if you need it."