Is smoking cigarettes costing you money and health? Here are some ways to save lakhs 

World No Tobacco Day 2023

Smoking 10 cigarettes every day equates to spending rupees 190 a day, which is rupees 5,700 every month.

Investing rupees 5700 every month in a mutual fund earning 12 per cent per annum over the next 10 years can give returns of rupees 13,24,333.

Investing money in mutual funds can be an addictive and a wealth creating habit.

Some of the best small-cap mutual funds in the past 10 years have been Nippon India Small Cap Fund, Kotak Small Cap Fund, HDFC Small Cap Fund and Quant Small Cap Fund.

Less risky large-cap or the flexi-cap funds that earn well without being subject to much market volatility can be invested in.

Investing the money spent on cigarettes in a Public Provident Fund account for the coming 15 years can give returns of rupees 18,55,103.

Smokers must also ensure to buy enough coverage in the form of a health insurance plan that would pay for both their hospitalization and treatment bills.

Smoking is one of the foremost reasons for health disorders.

Observing “World No Tobacco Day” on May 31 alone every year does not suffice.

There is an ardent need to observe it each day, irrespective of how escapists view smoking as just another habit that helps them kill time and stress.