Suspense Crime Sach Ka Dam
Mutual fund SIP is considered an effective investment tool for the long term. AMFI data shows that investors who invest in SIP for a long period have made a lot of money. The special thing about SIP is that you can create crores of rupees in the long term from even a small amount. Today we will learn here how a fund of Rs 2.60 crore can be created by starting an SIP with Rs 5000.
The goal will be achieved easily with the help of a step-up formula
If you start a SIP with Rs 5000 and increase your SIP by 5 percent every year i.e. step-up, then the target can be achieved easily. Let us now understand how the step-up formula will help you reach the target.
What will be the total investment if SPI starts with Rs 5000 and step-up by 5%
For example, Ravindra started SIP with Rs 5000 at the age of 25. Ravi is now increasing his SIP by 5 percent every year i.e. step-up. According to this, if Ravi continues SIP for 30 consecutive years, then his total investment will be Rs 39,86,331.
How many funds will be ready in 30 years?
If Ravindra gets an average estimated return of 12 percent per annum on this investment, then in 30 years he can create a fund of Rs 2.63 crore. If Ravindra is lucky, the Indian markets perform well and he gets an average return of 15 percent per annum, then in 30 years, he will have a huge fund of Rs 4.89 crore.
Before investing in mutual funds, you must keep in mind that it involves the risk of the stock market. If the market falls for a long time, it is sure to have a bad effect on your returns.
