With the help of SIP Calculator, understand how much you will have to invest to create a fund of Rs 2 crore in 15 years. Let’s take a target of 2 crores and to complete the target in 15 years, then 40,000 rupees will have to be invested every month.
SIP Calculator: If you want to become a millionaire then mutual fund is right. We are not telling the returns of mutual funds ourselves. This is such an option, in which you can easily create a fund of two crore rupees in the long term. There are many such schemes, which have given annual returns of 12 to 15 percent in the long term. Large funds can be made through Systematic Investment Plan (SIP) in mutual funds. If you take a period of 15 years and keep a target of Rs 2 crore, then with the help of SIP calculator you can understand how this fund will be prepared and in how many months the investment will have to be made.
SIP Calculator: How to get 2 crore rupees?
With the help of SIP Calculator, understand how much you will have to invest to create a fund of Rs 2 crore in 15 years. Let’s take a target of 2 crores and to complete the target in 15 years, then 40,000 rupees will have to be invested every month. Applying an estimated return of 12% on this, you will get Rs 2,01,83,040 in that period. During this your investment will be of Rs 72 lakh.
SIP Calculator: How much has your wealth increased?
You invested Rs 40,000 every month through SIP for 15 years and your wealth increased by around Rs 1.29 crore in 15 years. The investment in this entire period will be Rs 72 lakh. However, do keep in mind here that this is an estimated return, market fluctuations can affect the performance of the mutual fund scheme.
SIP Calculator: Will become a millionaire by the age of 40
Experts say that investing in mutual fund SIP should be started as soon as possible. Because, with this you get the benefit of long term returns. Suppose at the age of 25, you start a monthly SIP of Rs 40,000, then at the age of 40 you will have Rs 2 crore.
Invest in a systematic way
You can guess from the SIP calculator that in this systematic way of investing, you do not have to face the market risk directly. At the same time, the returns are also more than the traditional product. However, there is a risk in this too. Therefore, the investor should decide the investment by looking at his income, target and risk profile.
