Mutual Funds SIP Calculator: Just Rs 1800 every month, and you will be a crorepati - Here is how
Mutual Funds SIP Calculator: Mutual Funds investment requires investors to stay invested for a longer period of time, and one must try to start saving money as soon as you can.
Mutual Funds SIP Calculator: Mutual Funds investment requires investors to stay invested for a longer period of time, and one must try to start saving money as soon as you can. Business tycoon Warren Buffett had started investing in stocks at the age of 11 only. But, in normal circumstances, one can start investing at the age of 30 years and continue to invest until he or she retires means up to sixty years of age.
Mutual Funds SIP Calculator
Starting from the Mutual Funds SIP (Systematic Investment Plan), one can start with an amount of Rs 1800. For this, the investor needs to save Rs 60 per day. But, maintaining discipline in investment and saving Rs 60 per day can make the investor a crorepati once he or she is done with the Mutual Funds SIP for thirty years.
See Zee Business Live TV streaming below:
Speaking on the Mutual Funds SIP return that one can expect in this 30 years of investment Kartik Jhaveri, Director — Asset Management at Transcend Consultants said, "On investing in Mutual Funds SIP for 30 years, one can expect a minimum return of 15 per cent as the investor will get compounding benefit means the interest on interest."
So, assuming 15 per cent returns on Rs 1800 monthly SIP for 30 years, the mutual funds SIP calculator suggests that one will get Rs 1,26,17,677 as maturity amount at the end of 30 years.
The Mutual Funds SIP calculator says that during this period of 30 years, net investment done by the investor is Rs 6,48,000 while the interest earned during the period is Rs 1,19,69,677.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.