SIP Calculator: The stock market continues to fall but record investments are being made in mutual funds through SIPs. This is because SIP always delivers excellent returns in the long run. Now that the market has fallen, there is a chance of earning strong returns on investments made through SIP. This is because investors will be allotted more mutual fund units. If you are also thinking of starting a new SIP, here is the complete calculation of how much money can be deposited in 10 years with a monthly SIP of Rs 5,000 or Rs 10,000.
How much money will you get after 10 years?
By using the SIP Calculator, you can easily estimate the amount you will receive. For example, according to the SBI SIP Calculator, if you invest Rs 5,000 per month for 10 years with an assumed return of 12%, your investment amount will be Rs 6,00,000. This will have an estimated return of Rs 5,61,695 in 10 years. This way you will receive a total of Rs 11,61,695 after 10 years. At the same time, if the annual return increases to 15%, this amount will increase to Rs 13,93,286.
Similarly, if you invest Rs 10,000 every month through SIP, then your investment can grow to approximately Rs 23,23,391 lakh with a return of 12% and to approximately Rs 27,86,573 lakh with a return of 12%.
Is it okay to rely on the calculator?
The online mutual fund SIP calculator provides a general estimate. However, exact figures are not available. Therefore, it is not correct to assume that if we drink so much, we will get so much money. It is possible to increase or decrease the amount. Yes, it is true that in the long run you will definitely get higher returns in mutual funds than in FDs. If you can take risks, mutual funds may be the best investment vehicle.
Latest business news
