Mutual Fund Calculator: Want Rs 65 lakh? Get it in just this period, know amount to start with
Mutual Fund Calculator: For all those young men and women who want to make big purchases like fancy cars and homes, the road to get the money can be very smooth.
Mutual Fund Calculator: For all those young men and women who want to make big purchases like fancy cars and homes, the road to get the money can be very smooth. Mutual funds SIP is one of the most sought investment tools by investors who can't afford a lump sum amount for buying something or even investing. For them Mutual Funds Systematic Investment Plan (SIP) is a blessing in disguise as it helps get big amounts of money through small investments. While it is better to start investing early in career to make big gains, those who could not invest early, can even start their investment journey at around 40 years of age. In the coming 20 years, they will be able to generate Rs 65 lakh by making a monthly SIP of just Rs 6500.
Speaking on the SIP required to achieve an investment goal of Rs 65 lakh in 20 years, Gaurav Rastogi, Founder & CEO at Kuvera.in told Zee Business Mutual Fund Helpline, "To achieve an investment goal of Rs 65 lakh in 20 year time horizon, one needs to start monthly SIP of Rs 6,500. While making SIP for next 20 years, one should remain a disciplined investor and should not get bothered by the stock market movement as SIP gives returns on the average of the NAV (Net Asset Value) earned during the investment period."
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On how much returns one can expect from the mutual funds SIP in twenty years, Kuvera.in founder said that one can expect at least 12 per cent returns on investment made throughout the 20 years."
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Giving an example from the recent few months, Rastogi said, "Recently, due to the outbreak of COVID-19, a good number of Mutual Funds SIP investors have switched from one plan to another but when the market is hit so badly, it's better to remain invested and continue investing in the current plan till the market stabilises. Once, the market becomes stable, then only one should review one's return and on the basis of that decide whether to continue with the current plan or switch to other more yielding funds."
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