Sip Of Rs 20000 Becomes Rs 55 Lakh In 10 Years: See How?

Investing in Mutual Funds

Mutual funds can be a great investment vehicle if you're looking to grow your wealth.

Let's explore how you can accumulate Rs 55 lakh in 10 years through mutual funds.

First, find a mutual fund with steady returns, ideally 15% annually.

Choosing the Right Mutual Fund

A SIP allows you to invest a fixed amount regularly in your chosen mutual fund. In this case, you'll need to continue a SIP of Rs 20,000 for 10 years.

Systematic Investment Plan 

Over a period of 10 years, your total investment will amount to Rs 24,00,000. This is the total money out of your pocket.

Your Total Investment

Assuming an annual return of 15%, your estimated returns after 10 years would be around Rs 31,73,145.

Your Estimated Returns

By adding your investment amount and the estimated returns, you'll end up with a whopping Rs 55,73,145 after 10 years of disciplined investing.

The Grand Total

It's never too early or too late to start investing. Begin your journey towards wealth creation today with mutual funds.

Start Your Wealth Creation Journey Today

Remember, the actual returns could vary based on market conditions and the performance of the mutual fund. Always do your own research before investing.


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