SBI Mutual Funds SIP: Become crorepati by investing just Rs 1,500/month for 30 years, say experts
SBI Mutual Funds SIP of Rs 1,500 per month for 30 years would give at least 15 per cent of return making the maturity amount of around Rs 1.05 crore, say experts.
SBI or State Bank of India Mutual Funds SIP (Systematic Investment Plan) is one of the top priorities of the mutual fund investors. The investment experts are of the opinion that SBI being the largest Indian banker having the full backing of the government and its fundamentals supporting its growth and most importantly its presence even in remote parts of India makes it most acceptable among the mutual fund investors. Asked about the return an SBI Mutual Funds SIP investor can think of getting on his or her investment, experts say for mid-long period spanning from 10 to 20 years, the SBI Mutual Funds SIP give around 12 per cent to 14 per cent of return while in case of very long period means above 20 years and up 30 years, an investor can expect to the tune of 15-17 per cent return. They say, if an investor invests Rs 1,000 per month in SBI Mutual Funds SIP, he or she would get a maturity amount of Rs 70,09,820.61 after the end of 30 years. Means, if an investor decides to take an SBI Mutual Funds SIP with Rs 1,500 per month for 30 years, he or she would get Rs 1,05,14,730.915 as maturity amount after 30 years, means one can become a crorepati by doing Rs 1,500 per month SIP for 30 years in SBI Mutual Funds SIP.
See SBI Mutual Funds SIP Calculator below:
Speaking on SBI Mutual Funds SIP return Kartik Jhaveri, Director at Transcend Consulting (India) said, "In SBI Mutual Funds SIP an investor can expect a return of around 12 per cent to 14 per cent for an investment of around 10 to 20 years. However, this return goes up from 14-16 per cent if the investment is for 20-25 years and if the SBI Mutual Funds SIP is for 30 years or above, one can easily pocket return from 15 to 17 per cent."
Elaborating upon SBI Mutual Funds SIP returns SEBI registered investment guru Jitendra Solanki told Zee Business online, "As per the SBI Mutual Funds SIP calculator, Rs 1,000 per month SIP for 30 years would give around Rs 70 lakh maturity amount. To get above Rs 1 crore maturity amount, one needs to invest Rs 1,500 per month for 30 years. If a person does so, he or she can get around Rs 1.05 crore after 30 years."
Solanki said that SBI Mutual Funds SIP is one of the most preferred Mutual Funds SIP among investors as SBI is the largest Indian bank which has maximum reach in comparison to other banks operating in India. The public sector bank has wide reach in India and abroad helping it to have better connect with the investors, especially in the domestic market.