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News Topical, Digital Desk : Nowadays, everyone is adding mutual funds to their portfolios. The minimum expected return from mutual funds is 12 to 14 percent. However, this return can vary, as mutual fund returns depend on the fluctuations in the stock market.
Today, with the help of SIP calculation, we will understand how much fund will be created after 5 years with a SIP of Rs 6000 every month?
calculation
- Investment amount – Rs 6000 per month
- Returns – 12 to 14 percent
If a person invests Rs 6,000 per month in a SIP for 5 years, they will earn Rs 495,000 at a 12% return. Over these five years, your principal will grow to Rs 360,000. In terms of returns, you could earn Rs 135,000.
What is SIP?
SIP, also known as Systematic Investment Plan, is a systematic investment plan. As the name suggests, it involves investing money with a fixed investment amount over a specific period of time. SIP offers many benefits that you won't find with any other investment method.
Benefits-
You can start investing through SIP with as little as Rs 100. There is no maximum limit.
You can increase the SIP amount whenever you want.
With this you can stop it whenever you want.
There is no time limit for FD or RD, you can invest in it for any length of time.
Loss
Under SIP, your money is invested in mutual funds. The returns from these funds depend on market fluctuations.
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