SIP Investment: The sooner you start investing in your life, the bigger the fund you will be able to create. You can invest small amounts every month through SIP.
Mutual Fund SIP Calculator: Time, regular investment and power of compounding. If you have these three, then no one can stop you from becoming a millionaire or billionaire. Compounding i.e. compound interest increases your capital manifold with time. We get the benefit of this compounding in mutual fund SIP. The sooner you start investing in your life, the bigger fund you will be able to create. You can invest small amounts every month through SIP. Financial experts say that a person should start investing from his first salary itself. Talking about returns, in the long term, 12 percent return is easily available in mutual funds.
In how many years will you accumulate Rs 1 crore with a SIP of Rs 10,000 per month
If you invest Rs 10,000 every month in mutual fund SIP, then at an estimated return of 12% per annum, you will accumulate Rs 1,04,30,067 in 21 years. In this amount, Rs 25,20,000 will be your investment amount. At the same time, ₹79,10,067 will be the interest income. If you invest this with 15% annual step up, then ₹1,13,34,505 will be accumulated in just 15 years. This will have ₹57,09,649 investment amount and ₹56,24,856 interest income.
In how many years will you accumulate Rs 1 crore with a SIP of Rs 15,000 per month
If you invest Rs 15,000 every month in mutual fund SIP, then at an estimated annual return of 12 percent, ₹1,06,75,929 will be deposited in 18 years. This will have ₹32,40,000 investment amount and ₹74,35,929 interest income. If this investment is made with 15 percent annual step up, then ₹1,14,21,512 will be deposited in 13 years. This will have ₹61,83,345 investment amount and ₹52,38,167 interest income.
(Disclaimer: This article is written for informational purposes only. Please consult your financial advisor before making any investment or taking any financial risk. Businessleague.in will not be responsible for any kind of risk.)
