Mutual Fund SIP: It is very important to invest for future needs like children’s education, marriage, building a house. The sooner you start investing, the more profit you will get. There are many options available for investing today. If you are looking for a good option to start investing then mutual fund SIP can be a better option for you. Today we will know here that if you deposit ₹ 5000 every month in SIP, then how much money will you get in 20 years?
The longer the SIP, the bigger the profit
You get the full benefit of SIP only if you start it at an early age and continue it for as long as possible. The returns you get from SIP depend on many important things like how much money you are investing every month, for how many years you are investing and what rate of return you are getting every year?
How much money will you get from SIP of Rs 5000 after 20 years?
If you are doing a SIP of ₹ 5000 and you get an average return of 12% every year, then after 20 years you will have a corpus of around Rs 49.95 lakh. This amount includes Rs 12 lakh of your investment and approximately Rs 37.95 lakh of returns. Similarly, if you get an average expected return of 15% every year, then after 20 years you can create a total fund of Rs 75.79 lakh. This amount includes Rs 12 lakh of your investment and approximately Rs 63.79 lakh received as returns.
Special attention will have to be paid to some important things
Before investing in SIP, you have to keep some special things in mind. There is a lot of stock market risk in mutual fund SIP. Along with this, you will also have to pay capital gains tax on the returns you get from SIP.
