Mutual Fund SIP calculation with 5% step-up: By rising the month-to-month Mutual Fund SIP quantity by a set share yearly, buyers can attain their monetary objectives quick. This text seems at how quickly you may attain Rs 1 crore by rising the month-to-month SIP of Rs 10,000 to Rs 1 lakh by 5% yearly, assuming 12% annual returns, as per FundsIndia’s ‘Wealth Conversations Report’ for Might 2023.
Rs 10,000 SIP: Month-to-month SIP of Rs 10,000 will make it easier to attain Rs 1 crore in 20 years and 1 month at 12% CAGR with none annual improve in SIP funding. With a 5% annual improve in month-to-month SIP quantity, you’ll attain Rs 1 crore in 17 years and 10 months at 12% CAGR.
Rs 20,000 SIP: Month-to-month SIP of Rs 20,000 will make it easier to attain Rs 1 crore in 15 years at 12% CAGR with none annual improve in SIP funding. With a 5% annual improve in month-to-month SIP quantity, you’ll attain Rs 1 crore in 13 years and 5 months at 12% CAGR.
Additionally Learn: How lengthy must you proceed a Mutual Fund SIP if it’s not giving good returns?
Rs 25,000 SIP: Month-to-month SIP of Rs 25,000 will make it easier to attain Rs 1 crore in 13 years and 5 months at 12% CAGR with none annual improve in SIP funding. With a 5% annual improve in month-to-month SIP quantity, you’ll attain Rs 1 crore in 12 years and 1 month at 12% CAGR.
Rs 30,000 SIP: Month-to-month SIP of Rs 30,000 will make it easier to attain Rs 1 crore in 12 years and 4 months at 12% CAGR with none annual improve in SIP funding. With a 5% annual improve in month-to-month SIP quantity, you’ll attain Rs 1 crore in 11 years months at 12% CAGR.
Rs 40,000 SIP: Month-to-month SIP of Rs 40,000 will make it easier to attain Rs 1 crore in 10 years and 6 months at 12% CAGR with none annual improve in SIP funding. With a 5% annual improve in month-to-month SIP quantity, you’ll attain Rs 1 crore in 9 years and 6 months at 12% CAGR.
Additionally Learn: SIP calculation for Rs 10 crore on retirement: How a lot do that you must make investments from age 20 to 55?
Rs 50,000 SIP: Month-to-month SIP of Rs 50,000 will make it easier to attain Rs 1 crore in 9 years and a couple of months at 12% CAGR with none annual improve in SIP funding. With a 5% annual improve in month-to-month SIP quantity, you’ll attain Rs 1 crore in 8 years and 4 months at 12% CAGR.
Rs 75,000 SIP: Month-to-month SIP of Rs 75,000 will make it easier to attain Rs 1 crore in 7 years and 1 month at 12% CAGR with none annual improve in SIP funding. With a 5% annual improve in month-to-month SIP quantity, you’ll attain Rs 1 crore in 6 years and 6 months at 12% CAGR.
Rs 1 Lakh SIP: Month-to-month SIP of Rs 1 lakh will make it easier to attain Rs 1 crore in 5 years and 10 months at 12% CAGR with none annual improve in SIP funding. With a 5% annual improve in month-to-month SIP quantity, you’ll attain Rs 1 crore in 4 years and 5 months at 12% CAGR.
(Disclaimer: The above content material is for info functions solely. There isn’t a assurance or assure {that a} mutual fund scheme will give 12% annual returns in future. Please seek the advice of your monetary advisor earlier than investing)
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