Due to their alluring returns, mutual funds are quite well-liked by investors. An approximate return of 12 to 14 percent is provided. You can build a sizable portfolio for the future by making SIP investments in mutual funds. If ₹2000, ₹5000, and ₹10,000 are invested in SIP, we will know today. How many years would it take for it to reach one crore rupees?
The ideal way to invest in mutual funds is through a systematic investment plan, or SIP. You invest money through SIP for a predetermined amount of time. Additionally, you are free to raise the investment amount at any time. You only need to invest Rs 250 to get started now.
Additionally, there is no upper limit on SIP investments. Mutual funds are a simple way to earn Rs 1 crore.
What is the calculation to make 1 crore
Compounding is one advantage of SIP. Compounding is only beneficial if you invest for a lengthy period of time. It would take less time to build a fund of Rs 1 crore the more money you invest.
Investment amount Rs 2000:
If you spend Rs 2000 per month in a mutual fund SIP, a fund of Rs 1 crore will be available in around 35 years at an estimated return of 12%. Twelve percent is thought to be the projected return in this case. Approximately Rs 8,40,000 is invested over these 35 years. It comes to Rs 1,01,81,662.
To build up a corpus of Rs 1 crore, you would need to invest for 32 years if the projected return was 14%.
Investment amount Rs 5000:
If you invest Rs 5000 in a mutual fund SIP, you will have a fund of Rs 1 crore after 30 years at an estimated return of 12%. You deposit Rs 18 lakh throughout the course of these 30 years. You would receive Rs 1,54,04,866 crore after 30 years.
In contrast, you will need to invest for 25 years if the projected return is 14%.
Rs 10,000 is the investment amount. If you put Rs 10,000 per month in a mutual fund SIP, it will take 25 years to earn Rs 1 crore. Twelve percent is thought to be the projected return in this case. You invest Rs 30,000 during these 25 years. At a return rate of 12 percent, you will receive Rs 1,70,022,066 crore after 25 years.
To earn Rs 1 crore, you will need to invest for 20 years if the anticipated return is 14%. By investing in mutual funds, you can build a sizable fund in this manner.
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