Mutual Fund Calculator: If you have Rs 10 lakh surplus amount in your pocket, your first and foremost attempt would be to convert that into a crore. To achieve this goal, as an investor, you have various investment tools like direct stock market, equity mutual funds or maybe some debt funds — depending upon the risk appetite you have. According to the tax and investment experts, keeping the long-term horizon in mind, one can go for the equity mutual funds as a safe bet because they give to the tune of 15-17 per cent annual returns if the investment is for 20 years or above a period of time. They said that in the long-term, the mutual fund calculator suggests compounding benefits for an investor as it gives interest on the returns earned by the investor. 

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On what should be the ideal investment for an investor who has Rs 10 lakh for investment; Jitendra Solanki, a SEBI registered tax and investment expert said, "If someone has Rs 10 lakh surplus amount in one's portfolio, then he or she should go for a long-term one-time equity investment in the current market scenario as the stock market is at its lowest levels. In the current market scenario, one can expect to get higher annual returns as they have invested at a time when the stock market is crawling at its lowest levels."

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Batting for mutual funds SIP (systematic investment plan) Kartik Jhaveri, Director — Wealth Management at Transcend Consultants said, "Even if one has a good surplus amount for investing, one should not stop doing the SIP because it helps you develop an ocean through the ice tips. In the current market scenario, if someone lacks a bid amount for a one-time investment, he or she can start monthly SIP as it will help them get more NAVs as the market is crawling at the lower levels." On how much annual mutual funds SIP returns one can expect if the investment is for the long-term Jhaveri said, "If the investment is for 10-15 years, then the annual returns could be around 12 per cent, however, if the investment is for more than 20 years say 25-30 years, then one can expect to get around 15-17 per cent annual returns on their mutual funds SIP."

Now, let's assume one has Rs 10 lakh in one's portfolio and he or she invests that in equity mutual fund for 30 years. Then as said earlier, he or she can get 15-17 per cent returns in 30 years. So, let's assume he or she gets a 15 per cent return. Then as per the mutual fund calculator, his or her maturity amount after 30 years will be Rs 6,62,11,772. 

However, as said by Jhaveri, he or she can expect to get higher side returns as the market is crawling at its nadir and hence, percentage mutual funds return is expected to be on the higher side. So, let's assume 17 per cent mutual funds return for the same Rs 10 lakh equity investment for 30 years, then as per the mutual fund calculator, the maturity amount will be Rs 11,10,64,650.

Now as suggested by Kartik Jhaveri, the current market is ideal for starting a monthly SIP also. One can start a monthly SIP in the current market to get a higher number of NAVs. so, someone starts a monthly SIP of Rs 10,000 for the next 30 years assuming 15 per cent mutual funds SIP returns, then his or her maturity amount after 30 years will be Rs 6,92,32,796.

However, by going through Jhaveri's notion that one can expect higher returns when the market is at a lower level, let's assume the mutual funds SIP returns in 17 per cent. Then for the same Rs 10,000 mutual funds SIP for 30 years will give a maturity amount of Rs 11,10,04,081.

Hence, if someone has Rs 10 lakh in one's portfolio and he or she invests that in equity mutual funds for 30 years and at the same time starts a monthly SIP of Rs 10,000 for the same period of 30 years, his or her maturity amount will be Rs 22,20,68,731 (Rs 11,10,64,650 + Rs 11,10,04,081).