SIP Calculator: Investing in mutual funds gives you higher returns than FDs. However, for this it is important that you stay connected with the market.
SIP Calculator: SIP has become very popular among small investors. The reason for this is that it is easy to invest in mutual funds even with a small amount. Also, mutual funds give strong returns. In such a situation, if you are also investing in mutual funds, then you must have understood the power of SIP. You will get maximum returns in mutual funds only by investing for a long time. Today we are going to tell you that if you invest from 10 thousand to 1 lakh rupees monthly in mutual funds through SIP, then in how many years will you accumulate 1 crore rupees.
- Monthly SIP of Rs 10,000: A monthly investment of Rs 10,000 will help you accumulate 1 crore rupees in 20 years at 12% compound annual growth rate (CAGR).
- Monthly SIP of Rs 20,000: A monthly investment of Rs 20,000 will get you Rs 1 crore in 15 years at 12% CAGR.
- Monthly SIP of Rs 25,000: A monthly investment of Rs 25,000 will get you Rs 1 crore in 14 years at 12% CAGR.
- Monthly SIP of Rs 40,000: A monthly investment of Rs 40,000 will get you Rs 1 crore in 11 years at 12% CAGR.
- Monthly SIP of Rs 50,000: A monthly investment of Rs 50,000 will get you Rs 1 crore in 9 years at 12% CAGR.
Investment in mutual funds is not guaranteed
We have given you a calculation to understand this. However, there is no guarantee of fixed returns in mutual funds. You may get more investment than this and in case of market fall, you may get less return. Therefore, before taking any investment decision, consult your financial advisor.
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