Rs 13,00,000 One-time Investment in Mutual Funds: How many years will it take to create a Rs 3 crore- Rs 6 crore corpus at a given rate?
Compounding Benefits: Compounding in mutual funds is the act of reinvesting returns gained on your investment, allowing you to earn returns on both the initial investment and the cumulative earnings from previous periods.
Investing in mutual funds using the one-time (lump sum) method can be a good idea if an individual has idle money, as they need to invest a large sum for a long time and wait for their money to grow. On the other hand, a SIP (systematic investment plan) makes you invest a fixed amount regularly. In this article, we will explore how lump sum investment works. We will also calculate how you can create Rs 3 crore, Rs 4 crore, Rs 5 crore, and Rs 6 crore corpus by making a Rs 13,00,000 one-time investment.
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How to achieve Rs 3,00,00,000 corpus
If a person invests Rs 13 lakh in mutual funds, they will be able to achieve over Rs 3,00,00,000 in 28 years, calculations show.
Calculations of Rs 3 crore corpus
Invested amount: Rs 13,00,000
Period: 28 years
Estimated returns: Rs 2,97,49,026
Total value: Rs 3,10,49,026
How to achieve Rs 4,00,00,000 corpus
If a person invests Rs 13 lakh in mutual funds, they will be able to achieve over Rs 4,00,00,000 in 31 years, calculations show.
Calculations of Rs 4 crore corpus
Invested amount: Rs 13,00,000
Period: 31 years
Estimated returns: Rs 4,23,21,647
Total value: Rs 4,36,21,647
How to achieve Rs 5,00,00,000 corpus
If a person invests Rs 13 lakh in mutual funds, they will be able to achieve over Rs 5,00,00,000 in 33 years, calculations show.
Calculations of Rs 5 crore corpus
Invested amount: Rs 13,00,000
Period: 33 years
Estimated returns: Rs 5,34,18,994
Total value: Rs 5,47,18,994
How to achieve Rs 6,00,00,000 corpus
If a person invests Rs 13 lakh in mutual funds, they will be able to achieve over Rs 6,00,00,000 in 34 years, calculations show.
Calculations of Rs 6 crore corpus
Invested amount: Rs 13,00,000
Period: 34 years
Estimated returns: Rs 5,99,85,273
Total value: Rs 6,12,85,273