SIP can help a lot in making big money in the long term. Here we will know how much money will be received if a SIP of Rs 10,000 is done for 20 years.
SIP Calculator: Savings is very important to meet future needs. If you want to prepare a large amount for future needs, then mutual fund SIP can be a better option. SIP can help a lot in making big money in the long term. Here we will know how much money will be received if a SIP of Rs 10,000 is done for 20 years.
Total investment will be Rs 24 lakh in 20 years
If you do a SIP of Rs 10,000 every month for 20 years, then your total investment will be Rs 24 lakh. If you get an average expected return of 12 percent every year, then in 20 years you can create a fund of Rs 99.91 lakh.
How much money will you get in 20 years if you get an average return of 15 percent every year
If you do a SIP of Rs 10,000 every month for 20 years and you get an average expected return of 15 percent every year, then in 20 years you can create a fund of Rs 1.15 crore. Apart from this, if you get an average expected return of 18 percent every year, then in 20 years you can create a fund of Rs 2.34 crore.
How much money will be deposited in 20 years if you get a return of 20 percent
Mutual fund SIP gives different returns every month and every year. It is also possible that if you are investing for a long period of 20 years, then the total return you get may also be 20 percent. If you get an average estimated return of 20 percent every year, then in 20 years you can create a fund of Rs 3.16 crore.
Capital gains tax will have to be paid on the total return
Keep in mind that mutual fund investment is subject to the risks of the stock market. The investment received in SIP depends on the fluctuations in the stock market. Apart from this, the return received on the investment made in mutual funds comes under capital gains tax and you have to pay tax on the total return.