SIP Calculator: SIP has become increasingly popular among small investors. The reason for this is easy investment in mutual funds even with small amounts. Also, mutual funds are giving strong returns. In such a situation, if you also invest 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 Rs 10 thousand to Rs 1 lakh monthly in mutual funds through SIP, then in how many years will you deposit Rs 1 crore.
- Monthly SIP of Rs 10,000: A monthly investment of Rs 10,000 will accumulate you Rs 1 crore in 20 years at 12% compound annual growth rate (CAGR).
- Monthly SIP of Rs 20,000: A monthly investment of Rs 20,000 will accumulate you Rs 1 crore in 15 years at 12% CAGR.
- Monthly SIP of Rs 25,000: A monthly investment of Rs 25,000 will accumulate you Rs 1 crore in 14 years at 12% CAGR.
- Monthly SIP of Rs 40,000: A monthly investment of Rs 40,000 will accumulate you Rs 1 crore in 11 years at 12% CAGR.
- Rs 50,000 Monthly SIP of: A monthly investment of Rs 50,000 will take you to Rs 1 crore in 9 years at 12% CAGR.
Investment in mutual funds is not guaranteed
We have given a calculation for you to understand this. However, there is no guarantee of fixed returns in mutual funds. You may get more investment than this and may get less returns in case of market decline. Therefore, before taking any investment decision, consult your financial advisor.
