SIP Calculator: The craze of Systematic Investment Plan (SIP) can be gauged from the fact that the number of accounts has crossed a record 6.65 crore. Whereas in June this year, the new SIP registration was more than 27.78 lakh. Which is the highest ever.
SIP Calculator: Investment through SIP in Mutual Funds has been made continuous. In June 2023 also, more than 14 thousand crore investment has come through SIP. SIP is one such investment option, through which you can get equity-like returns even from regular small savings. If you make small savings a habit of investing every month, you can create a fund of lakhs and crores in the long term. If you save 100 rupees daily and choose the option of investing in SIP every month, then you can easily create a fund of 1 crore in 30 years.
SIP Calculator: Power to save ₹100 every day
Suppose you save Rs 100 daily, then your savings become Rs 3000 every month. If you do SIP of Rs 3000 every month and also get 12% annual return, then you can create a fund of Rs 1,05,89,741 in 30 years. Your investment in this will be Rs 10,80,000. Whereas, the estimated wealth gain would be Rs.95,09,741. Know here that SIP investments are subject to market risk. That is, there is no guarantee of return in this. Depending on the ups and downs of the market, your returns may also be more or less.
Daily SIP option also
Most of the mutual fund houses now offer the option of Daily SIP to the investors, this is such a facility, in which investors get the opportunity to invest in the scheme of their choice every day. The special thing is that the minimum investment of Rs 100 per day can be done through this. Daily SIPs help investors average out the cost of investment and reduce the impact of market volatility on their investments. There is risk in SIP. Therefore, the investor should decide the investment by looking at his income, target and risk profile.
Strong performance of SIP continues
SIP continues to perform strongly. In June 2023 also, through SIP, an investment of more than 14,734 crores came. The craze of Systematic Investment Plan (SIP) can be gauged from the fact that the number of accounts has crossed a record 6.65 crore. Whereas in June this year, the new SIP registration was more than 27.78 lakh. Which is the highest ever.
(Disclaimer: Investments in Mutual Funds are subject to market risks. Do your own research or consult your advisor before investing.)
