SIP Calculator: SIP is a great way to invest in mutual funds. If your income is low and you want to have a corpus of Rs 10 lakh with you in the next 10 years, then you can do the same.
SIP Calculator: Any person wants to save. Wants to get more return by investing. You can invest even if your income is low. SIP i.e. Systematic Investment Plan is one such investment tool in which you can start investing with as little as Rs 500. SIP is a great way to invest in mutual funds. If your income is low and you want to have a corpus of Rs 10 lakh with you in the next 10 years, then you can do the same. For this, to meet this target, you will need to invest a fixed small amount every month in SIP (Systematic Investment Plan).
In how many years will the corpus of Rs 10 lakh be there?
If you want to implement this target of yours, then you have to start investing from now. You can also understand the calculation to meet the target. According to the Axis Bank SIP calculator, if you want a corpus of Rs 10 lakh in the next 10 years, you will need a total of Rs 4,347, based on an average annual return of 12% (calculation is done on the basis of 12% average in the calculator). Rs will have to be invested in SIP (Systematic Investment Plan). As per the calculation, the total amount invested by you in ten years will be Rs 5,21,640, and you will get around Rs 10 Lakhs (total Rs 9,99,978). That is, your actual return in this is Rs 4,78,338.
A corpus of Rs 15 lakh will be ready on this monthly SIP
According to the SIP calculator, if you do a monthly SIP of Rs 6,521 every month from now on for the next 10 years, then you will get a total of Rs 15,00,082 after maturity i.e. 10 years. In this, your total investment amount in 10 years will be Rs 7,82,520, on which you will get a total return of Rs 7,17,562.
SIP is correct
Experts say that investment in Mutual Funds through SIP does not have a direct impact on market fluctuations. Compound returns are available on investment through SIP. That is, you get benefit on both the amount you have invested and the return received on it. SIP (Systematic Investment Plan) is a good tool for financial planning. If you want, you can also consult a financial advisor for investing in SIP.
