SIP Scheme For 30 Years: Soumya does a private job and after meeting all her expenses, she saves Rs 10,000 every month, which she invests in SIP. Let us know how much total fund they will get after 30 years-
Mutual Fund SIP Plan: Saving money is very important in today’s time… but apart from bank FD, today we will tell you about the mathematics of SIP of mutual fund, in which you will become a millionaire in a few years. SIP in mutual funds grows very fast in the long term (SIP for Long Term).
How much will be the benefit on 10,000 monthly SIP?
For example, let us assume that Soumya works in a private job and after meeting all her expenses, she saves Rs 10,000 every month, which she invests in SIP. Now Soumya’s question is that how much money will she add in a period of 10 years to 30 years on a monthly investment of Rs 10,000?
Let us tell you what is the mathematics of Mutual Fund-
If you do a SIP of Rs 10,000 every month, then according to the SIP Calculator, if we assume that you are getting 12 percent annual return on that SIP, then in 10 years you will get a total of Rs 23,23,391. At the same time, if they get a return of 15 percent, then in this situation they will get Rs 27,86,573. At the same time, Soumya’s investment in this in 10 years will be only Rs 12 lakhs.
Saumya will become a millionaire in 20 years
As time progresses, Soumya’s investment will also increase rapidly. In 20 years, Soumya will become a millionaire with a monthly SIP of Rs 10,000 and a return of 12%. He will get a total of Rs 99,91,479 (about Rs 1 crore).
How much money will be received according to 15 percent
Apart from this, if Soumya’s money is invested in a fund in which she gets 15 percent return, then in this situation Soumya’s money will become Rs. 1,51,59,550 after 20 years. Soumya deposited Rs 24 lakh in 20 years with a monthly investment of Rs 10,000.
Will get 7 crores in 30 years
Apart from this, if we talk about the period of 30 years, then Soumya will get Rs 3,52,99,138 (3.5 crores) as per the return of 12 percent. At the same time, if his fund is getting a return of 15 percent, then he will get a total of Rs 7,00,98,206 (Rs 7 crore) on an investment of Rs 10,000 for 30 years.
(Disclaimer: Here only the calculation of mutual fund is explained and how you can create a fund worth crores, it is not an investment advice. Investing in stock market is subject to risks and consult your advisor before investing. Do it.)
