Power of SIP: Investing in mutual funds through SIP is easy and simple. By investing a fixed amount every month in this, you can make big corpus in the long term. The investor has the habit of regular investment through SIP. One advantage in this is that the investor can estimate the estimated returns with the help of SIP Calculator.
How much fund will be created from ₹ 10,000 in 3 years?
According to SIP Calculator, if you do SIP of Rs 10,000 every month and get average annual return for 12 months, then in 3 years you will have corpus of Rs 4,35,076. The average SIP return of equity funds in the long term can be 12 percent per annum. Your investment in this corpus will be Rs 3.60 lakh, while your estimated gain will be Rs 75,076. In this way, through SIP you can create a fund of approximately Rs 4.5 lakh.
AK Nigam, Director of BPN Fincap, says that mutual fund SIP can help you in planning your future in a better way. You can choose the investment amount and tenure as per your financial goals. For example, if someone aims to buy a car, take a foreign trip etc. in the next 3-5 years, then he can prepare a projected fund with the help of SIP. However, mutual fund SIP investors should know that these investments are subject to market risks. Therefore their returns depend on market movements and can fluctuate with market performance. In such a situation, the investor should decide to invest after looking at his income, target and risk profile.
Estimated cost of foreign trip
If you want to go on a Europe tour, then a fund of Rs 10,000 monthly SIP prepared over 3 years can be helpful. On the website of travel booking aggregator MakeMyTrip, a Europe trip package for one person for 16 nights and 17 days is priced at around Rs 3.30 lakh. So, there are many different types of packages. Some packages start from Rs 2.85 lakh per person. In this way, SIP of Rs 10,000 can be helpful in achieving this financial target.
(Disclaimer: Here is the calculation of estimated funds from mutual fund SIP. This is not the actual figure. Investing in mutual funds is subject to market risks. Consult your advisor before investing.)
