Twitter Blue Tick Vs SIP Investment

by Editor January 12, 2023

Instead of paying $8 to Elon Musk, why not start a SIP?: Twitter’s new owner Elon Musk has started charging $8 for BlueTick.

In response to a question, he has said that in India too, within one month, a fee equal to $8 will be started being charged from blue tickers.

If seen, 8 dollars is currently about 657 rupees in Indian rupees. In such a situation, instead of giving this money to Elon Musk, it is better to start his SIP and prepare a fund of lakhs of rupees.

If you are feeling that this is not possible, then here you can get information about the returns of mutual fund schemes and how much fund can be generated through SIP.

Let Us Know How Much Fund Can Be Generated From SIP of Rs 650

Many mutual fund schemes allow SIPs of Rs 500 a month. In such a situation, SIP of Rs 650 can be started comfortably.

If seen, if a SIP of Rs 650 is done in a good mutual fund scheme only for 10 years and only 12% return is received on it, then a fund of Rs 1.51 lakh can be easily created.

On the other hand, if this return is 15%, then this fund can be worth Rs 1.81 lakh.

If This SIP is Run for 20 Years Then Know How Much Fund Will Be Ready

If a SIP of Rs 650 is run for 20 years and gets only 12% returns, then a fund of Rs 6.50 lakh can be easily created. On the other hand, if this return becomes 15 percent, then this fund will be around Rs 10 lakh.

If This SIP is Run for 30 Years Then Know How Much Fund Will Be Ready

If a SIP of Rs 650 is run for 30 years and gets only 12% returns, then a fund of Rs 20.60 lakh can be easily created. On the other hand, if this return becomes 15 percent, then this fund will be around Rs 45.50 lakh.