SIP Calculator: Investors can utilize Mutual Fund Systematic Investment Plans (SIPs) to achieve various financial objectives, provided they are aware of the associated risks and seek appropriate guidance to select the mutual fund that aligns with their goals.
Over time, numerous mutual fund schemes have demonstrated the ability to deliver returns that surpass inflation and yield substantial profits. Through an SIP plan, investors have the flexibility to allocate a portion of their income to a scheme on a monthly, weekly, bi-monthly, quarterly, semi-annual, or annual basis.
This article examines the duration required to accumulate Rs 5 crore by investing between Rs 10,000 and Rs 1 lakh monthly, assuming a return rate of 12%, as detailed in a FundsIndia report sometime back.
Also Read: Fixed Deposits vs Post Office Savings Schemes: Where should you invest for higher returns?
For a Rs 10,000 SIP: A monthly investment of Rs 10,000 will enable you to reach Rs 5 crore in 32 years and 11 months at a 12% compound annual growth rate (CAGR).
For a Rs 20,000 SIP: A monthly investment of Rs 20,000 will allow you to achieve Rs 5 crore in 27 years and 3 months at a 12% CAGR.
For a Rs 25,000 SIP: A monthly investment of Rs 25,000 will help you reach Rs 5 crore in 25 years and 6 months at a 12% CAGR.
For a Rs 30,000 SIP: A monthly investment of Rs 30,000 will enable you to accumulate Rs 5 crore in 24 years at a 12% CAGR.
For a Rs 40,000 SIP: A monthly investment of Rs 40,000 will allow you to reach Rs 5 crore in 21 years and 9 months at a 12% CAGR.
For a Rs 50,000 SIP: A monthly investment of Rs 50,000 will help you achieve Rs 5 crore in 20 years and 1 month at a 12% CAGR.
For a Rs 75,000 SIP: A monthly investment of Rs 75,000 will enable you to reach Rs 5 crore in 17 years at a 12% CAGR.
For a Rs 1 Lakh SIP: A monthly investment of Rs 1 lakh will allow you to accumulate Rs 5 crore in 15 years at a 12% CAGR.
(Disclaimer: The information presented above is meant exclusively for informational purposes.
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