look news india
SIP Calculation: Do you also want to increase your investment in the long term? SIP (Systematic Investment Plan) is a method through which you can create a fund worth crores by saving less than ₹ 100 daily. Whether you belong to the salaried class or a professional, SIP investing is a smart and simple way through which you can easily lay the foundation for a strong financial future.
SIP Calculator: How can you earn crores by saving ₹100 daily?
In today’s time SIP has become a great investment option. If you regularly save ₹100 every day (saving Rs 100 daily) and invest it in a mutual fund SIP, here is an idea of how much money you can earn in the next 10, 20, 30 and 40 years. SIP Calculator Can be applied with the help of.
10 year fund by saving ₹100
If you save ₹100 daily, at the end of the month you will have around ₹3000 invested in SIP. If you get an average return (SIP return) of 12% per annum, your fund can be worth ₹ 6,97,017 in 10 years. The investment amount will be ₹ 3,60,000 and the estimated capital gain will be ₹ 3,37,017.
20 year fund by saving ₹100
If you save Rs 100 daily and do SIP for 20 years, then by investing Rs 7,20,000 you can create a corpus of Rs 29,97,444. The capital gain in this will be Rs 22,77,444.
30 year fund by saving ₹100
By saving Rs 100 daily for 30 years and doing SIP, you can create a corpus of Rs 1,05,89,741 by investing Rs 10,80,000. The capital gain in this will be Rs 95,09,741.
40 years fund by saving ₹100
If you do SIP like this for 40 years, then by investing ₹ 14,40,000, a fund of ₹ 3,56,47,261 can be generated. The estimated capital gain in this will be ₹ 3,56,47,261.
Start SIP at the age of 20, become owner of ₹3.5 crore in 60 years
If you start a monthly SIP of ₹3000 at the age of 20, you can build a corpus of more than ₹3.5 crore by the age of 60.
SIP: Know the risks too
SIP can create substantial wealth in the long run, but it also carries some risks (Mutual Fund SIP Risk). SIP has many benefits such as compounding and rupee cost averaging, but investors should always be cautious about the market risk of mutual funds.