SIP Calculator: The stock market continues to decline but record investments are being made in mutual funds through SIP. This is because SIP always gives excellent returns in the long run. Now that the market has fallen, there is a possibility of getting strong returns on investments made through SIP. This is because investors will be allotted more units of mutual funds. If you are also thinking of starting a new SIP, then we are explaining to you the complete calculation of how much money can be deposited in 10 years with a monthly SIP of Rs 5000 or Rs 10000.
How much money will you get after 10 years?
By using SIP Calculator you can easily estimate the amount you will receive. For example, according to SBI SIP Calculator, if you invest Rs 5,000 monthly for 10 years at an assumed return of 12%, your investment amount will be Rs 6,00,000. This will have an estimated return of Rs 5,61,695 in 10 years. In this way you will receive a total of Rs 11,61,695 after 10 years. At the same time, if the annual return increases to 15%, then this amount will increase to Rs 13,93,286.
Similarly, if you invest Rs 10,000 every month through SIP, then your investment can grow to approximately Rs 23,23,391 lakh at 12% return and to approximately Rs 27,86,573 lakh at 12% return.
Is it right to depend on calculator?
The online mutual fund SIP calculator gives a general estimate. However, exact figures are not available. Therefore, it is not right to assume that if we sip this much, we will get this much money. Increase or decrease in the amount is possible. Yes, it is true that in the long run you will definitely get higher returns in mutual funds than in FD. If you are able to take risk then mutual funds can be the best investment vehicle.
