SIP: Rs.1 crore target How much to invest to get in 10, 15 and 20 years
Although there are thousands of investment schemes in the market today, mutual funds are the most recommended schemes by investment advisors. Mutual funds are not empty portfolios
Especially in the long term, mutual funds are seen as the best schemes to achieve large corpus goals
Best Investment Option :
It is seen as a better investment option than other risky investments including stock market. SIP investment in particular is seen as a great option. It is also seen as a great option especially if you want to achieve huge corpus goals in the long term.
2 Key Points :
There are two great options when it comes to mutual funds. One can create a huge corpus. Second, you can invest in SIP even from a lower amount. However, before investing in mutual funds, it is better to invest carefully and know the complete details about it.
In order to start young
Today we are going to see how much you need to invest in 10, 15 and 20 years to reach 1 crore rupees through SIP. Generally, investing means starting from a young age. Only then you can easily achieve the target of huge corpus even if you invest a small amount.
How much investment?
40040 rupees per month for 10 years to reach corpus target of 1 crore rupees through SIP. 19819 rupees will have to be made for the same 15 years. If the same is 20 years then 10009 rupees will have to be invested. It’s CAGR is calculated at 12%
Assuming a CAGR of 10% in SIP with 10% return, taking 10 years, Rs 48,414, 15 years Rs 23,928 and 20 years Rs 13,060. Assuming a CAGR of 15% in SIP, taking 10 years, one would have to invest Rs 35886, 15 years Rs 14774 and 20 years Rs 6597