SIP Calculation: SIP in mutual funds is considered a good way to invest in the stock market. With its help you can create a big fund in the long run.
It is generally believed that mutual funds provide annual returns of 12 percent.
If you want to deposit a corpus of Rs 1 crore then you will have to do SIP of Rs 43,041 every month for 10 years.
In this you will invest Rs 51,64,920 and you will get a profit of Rs 48,35,186. In this way you will be able to deposit a fund of Rs 1,00,00,106 in ten years.
Returns in mutual funds are not guaranteed. This requires proper planning. These investment options will not only give you strong returns but will also keep your money safe.
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