Mutual Funds SIP Investment: People’s interest in Systematic Investment Plans (SIPs) is increasing. For the first time in December, it crossed the figure of 26,000 crores.
SIP Mutual Funds Investment: SIP is a very easy way of mutual fund investment. In this, a fixed amount is debited from your account every month. Since in SIP the investor gets better returns with less risk, it is gradually becoming popular among investors in India. According to the data released by the Association of Mutual Funds in India (AMFI) on Thursday, monthly Systematic Investment Plans (SIPs) crossed the figure of 26,000 crores for the first time in December. This shows the increasing interest of small investors in long term investment in mutual funds.
Investors’ contribution in SIP in December was this much
Investors’ contribution in SIP in December 2024 was Rs 26,459 crore as against Rs 25,320 crore in November 2024. Apart from this, mutual fund (MF) folios increased to 22.50 crore in December from 22.02 crore in the previous month.
Despite some geopolitical conditions challenging the equity market globally, monthly SIP contribution in December 2024 increased by 50% year-on-year.
Here we will know how long it will take you to achieve the financial goal of Rs 1 crore with SIP contribution of Rs 1,000, Rs 2,000, Rs 3,000 and Rs 5,000 per month. This calculation is based on a 12% annual return and a 10% increase in the SIP amount every year.
10% annual increase in SIP amount of Rs 1,000 per month
If you invest Rs 1,000 every month with a 10% annual step-up and expect a return of up to 12% every year, you can accumulate around Rs 1.02 crore in 31 years.
Monthly SIP of Rs 2,000
Similarly, with a SIP of Rs 2,000 per month with a 10% annual step-up and a return of 12% every year, you will accumulate up to Rs 1.15 crore in 27 years.
SIP of Rs 3,000 per month
SIP of Rs 3,000 per month will grow to Rs 1.10 crore in 24 years at 12 percent annual return, growing at the rate of 10 percent annually. In this term, your total invested amount will be Rs 31.86 lakh and the return will be Rs 78.61 lakh.
Return on SIP of Rs 5,000
If you invest up to Rs 5,000 every month under SIP, it will help you accumulate Rs 1.10 crore in 24 years at 12 percent annual return, growing at the rate of 10 percent annually. During this period, your total investment will be Rs 31.86 lakh and the return will be Rs 78.61 lakh.
Disclaimer: (The information provided here is for information purposes only. It is important to note here that investing in the market is subject to market risks. Always seek expert advice before investing as an investor. (Businessleaue.in never recommends anyone to invest money here.)
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