Table of Contents
How much should I invest in SIP for 10 years?
And just notice this – If you invest Rs. 5000 per month via SIP for 10 years, you are actually just investing about Rs 6 lakh. But return you are getting is around Rs 12 lakh. It is double of what you originally invested over the 10-year period. And the longer you keep investing, the better the returns get!
Should I invest Rs 20000 every month in mutual fund SIP?
Investing Rs 20000 every month means different things to different people. For those with a salary of Rs 50,000, it means a lot (40\% of salary). But for someone with Rs 3 lac monthly income, it’s next to nothing (~7\% of income)! In any case, investing in mutual fund SIP is a good decision and you will create a lot of wealth.
Should you invest Rs 5000 per month for 20-30 years?
There is absolutely no need to keep investing just the originally decided amount of Rs 5000 per month for 20-30 years. Your income would increase every year. So your investments too should increase accordingly. Isn’t it? Just imagine what would happen if you decide to go for a Step Up SIP? An SIP that increases every year in line with your income.
Is SIP the best way to create wealth for You?
The route of SIP investing can create a lot of wealth for you. And just notice this – If you invest Rs. 5000 per month via SIP for 10 years, you are actually just investing about Rs 6 lakh. But return you are getting is around Rs 12 lakh.
What is the average SIP return per annum?
So let’s do some basic calculations: Historical SIP returns of good mutual funds have been between 12-18\%. The actual returns might differ for different investors. But for this discussion, let’s be conservative and assume the average SIP returns in 10, 15 or 20 years to be 12\% per annum.
What is the SIP calculator?
This calculator tells you how much to invest in SIP, the duration and frequency of investment, and the total number of years to remain invested in order to generate the required funds.