If you also want to collect funds of Rs 1 crore in a short time, then SIP of mutual fund is the best option. You can invest a good amount for retirement by investing it every month from now on. Know how many SIPs are necessary every month to get a fund of 1 crore.
Mutual Fund Investment Tips: Money is the biggest need of humans in today's time. Especially after retiring, people need a huge amount to settle many of their important work. Many times our normal saving is difficult to deal with these works. In such a situation, if you are 50 years old and you want to collect a fund of 1 crore rupees in your retirement i.e. the next 10 years, then let us know.
How many SIPs will make 1 crore every month in 10 years
Suppose you are still 50 years old. At the same time, salary is 80 thousand rupees a month. In such a situation, if you have to collect funds of 1 crore rupees in the next 10 years, then you have to start investment from now. For this, you have to start a SIP of Rs 40,000 every month in a good fund. According to this, you will invest 4.80 lakh rupees every year. Now, if you consider expected returns (per annum) 14%, then you will get Rs 51,71,693 in 10 years. In this way, the total amount you invested in 10 years will get a return of Rs 48 lakh+ 51,71,693. In this way you will have a total fund of Rs 99,71,693 i.e. about Rs 1 crore.
How much SIP is required to get 1 crore rupees in 15 years
At the same time, if you have to collect funds of 1 crore rupees in 15 years, then start investing from the age of 45 years. For this, you have to invest 18000 rupees every month in a good SIP. Accordingly, 2.16 lakh rupees of your year will be deposited. At the same time, if you maintain investment for 15 years continuously, the total amount invested by you will be Rs 32.40 lakh. On this, you also get 14% average annual return every year, so you will get Rs 69,33,728 return. In this way, your principal will be Rs 1,01,73,728, including 32.40 lakh+returns.
