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Rs 1,00,00,000 Corpus By 40: Check calculations to know possibility of achieving this financial goal through mutual fund investment
- Written by Bhawna Gupta
Published: Zee Business| Updated: Zee Business
A mutual fund is a kind of investment that pools the capital of many individuals to buy a variety of securities, including stocks, bonds, and other assets. A qualified fund manager oversees this collective investment vehicle, making choices about investments to fulfill the fund's goal. The investors who buy the mutual fund units receive returns that are determined by the performance of the securities.
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SIP and Lump sum investment
1/6In a mutual fund, you can invest through SIP (systematic investment plan) or make a lump sum investment. In SIP, investors invest a fixed amount regularly over the long term. In contrast, lump sum investment involves investing a large amount once and waiting for it to grow.
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Can you start investing in a mutual fund at any age?
2/6Yes, age doesn't matter for mutual fund investments. You can start your SIP or make a lump sum investment at any age.
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How to create a corpus of Rs 1 crore by age 40?
3/6If you save some money from your salary every month and accumulate funds to invest, you can easily grow that money into a big corpus by investing in mutual funds.
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Calculations to accumulate Rs 1,00,00,000 corpus
4/6One-time investment- Rs 21,00,000 Age: 26 Estimated returns: Rs 81,62,936 Maturity value: Rs 1,02,62,936
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Is it possible through SIP?
5/6Yes, even if you invest a fixed amount for 14 years, starting at age 26, you can easily become a crorepati.
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SIP Calculations
6/6Monthly investment: Rs 24,500 Period: 14 years Invested amount: Rs 60,15,732 Estimated returns: Rs 60,15,732 Maturity value: Rs 1,01,31,732
Investing in mutual funds is subject to market risks. Consult your advisor before making any investment.
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