Mutual Fund SIP: You can make Rs 6 Crore with a SIP of Rs 10,000, know how much you will have to invest

Mutual Fund SIP: With the help of Mutual Fund SIP, a fund of Rs 6 crore can be created with a monthly investment of Rs 10,000. However, for this you will have to use the step-up formula.

Mutual Fund SIP: There are many investment tools available to make big money in the long term. But Mutual Fund SIP is different. AMFI data is proof that Mutual Fund SIP is very helpful in creating a big corpus in the long term. Now whether it is to collect money for children’s education or for children’s marriage, Mutual Fund SIP can play an important role in fulfilling all these needs of yours. Here we will know how much time it will take to collect Rs 6 crore from a SIP of Rs 10,000 and what strategy will have to be adopted for investment?

Step-up of 9% will have to be done every year

With the help of Mutual Fund SIP, a fund of Rs 6 crore can be created with a monthly investment of Rs 10,000. However, for this you will have to use the step-up formula. If you start SIP with Rs 10,000 and increase your SIP by 9 percent every year i.e. step-up, then you can achieve your target.

Also Read- SIP Return Calculation: In how many years will a SIP of Rs 5,000 become Rs 10 crore, see full calculation

Target will be achieved in 28 years with an estimated return of 12 percent

If you start SIP with Rs 10,000 and step-up by 9 percent every year and you get an estimated average return of 12 percent annually, then you can achieve your target in 28 years. With this investment strategy, your total investment in 28 years will be Rs 1,35,56,186. You will get an estimated return of about Rs 4,60,83,511 on this investment. Now if these two amounts are combined, your total corpus will be Rs 5.96 crore.

How much time will it take with 15% return

With the same investment strategy, if you get an estimated return of 15% per annum, then in 25 years you can create a fund of Rs 6.05 crore. Starting SIP with Rs 10,000 and with a step-up of 9% every year, your total investment will be Rs 1.02 crore in 25 years. On this investment, you will get an estimated return of around Rs 5.04 crore and by combining these two amounts, your total corpus will be Rs 6.05 crore.

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Mutual Fund SIP: You can make Rs 5 crore with a SIP of Rs 10,000, see here how the Step-Up formula will help