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Mutual Fund SIP: The share of mutual fund SIP in long-term investments is constantly increasing. Statistics show that mutual fund SIP has given high returns to investors in the long term. In fact, through mutual funds, investors not only get attractive market returns, but they also get the tremendous benefit of compounding.
SIP can be started with just Rs 500
Financial experts believe that in the long term, mutual fund SIP gives an average return of 12 per cent to investors. However, it can also fluctuate. Investment in mutual fund SIP can be started with just Rs 500. Here we will know with the help of SIP calculator how much total return can be obtained from a SIP of Rs 1000 at different estimated returns in different periods.
Deposit Rs.1000 and get Rs.35.29 lakh
Calculations through online SIP calculator show that if you save just Rs 1000 every month and invest it in SIP, you get an estimated annual return of 12 percent, so after 30 years you will get a total of Rs 35,29,914. The total amount you invest every month is Rs 3,60,000 and the expected return is around Rs 31,69,914.
You too can become a millionaire
If you get an estimated return of 15 percent every year on a SIP of Rs 1000, then after 30 years you will have Rs 70,09,821. If you get an estimated return of 18 percent, then after 30 years you will get Rs 1,43,25,289.
SIP investments are on the rise
According to the latest AMFI data, monthly SIP investments have increased from Rs 21,262 crore in June to Rs 23,332 crore in July. Due to record investments in SIP, the total AUM of mutual funds also increased by 6 percent to Rs 64.69 lakh crore in July from Rs 60.89 lakh crore in June.
