Sip Of Rs 5,000 Becomes Rs 7.2 Crore In 35 Years: See How?
Sip Of Rs 5,000 Becomes Rs 7.2 Crore In 35 Years: See How?
Investing in Mutual Funds
Mutual funds can be a great investment vehicle if you're looking to grow your wealth.
Mutual funds can be a great investment vehicle if you're looking to grow your wealth.
Let's explore how you can accumulate Rs 7.2 Crore in 35 years through mutual funds.
Let's explore how you can accumulate Rs 7.2 Crore in 35 years through mutual funds.
First, find a mutual fund with steady returns, ideally 15% annually.
First, find a mutual fund with steady returns, ideally 15% annually.
Choosing the Right Mutual Fund
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 5,000 for 35 years.
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 5,000 for 35 years.
Systematic Investment Plan
Systematic Investment Plan
Over a period of 35 years, your total investment will amount to ₹21,00,000. This is the total money out of your pocket.
Over a period of 35 years, your total investment will amount to ₹21,00,000. This is the total money out of your pocket.
Your Total Investment
Your Total Investment
Assuming an annual return of 15%, your estimated returns after 35 years would be around ₹ 7,22,03,225.
Assuming an annual return of 15%, your estimated returns after 35 years would be around ₹ 7,22,03,225.
Your Estimated Returns
Your Estimated Returns
By adding your investment amount and the estimated returns, you'll end up with a whopping ₹ 7,43,03,225 after 35 years of disciplined investing.
By adding your investment amount and the estimated returns, you'll end up with a whopping ₹ 7,43,03,225 after 35 years of disciplined investing.
The Grand Total
The Grand Total
It's never too early or too late to start investing. Begin your journey towards wealth creation today with mutual funds.
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
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.
Remember, the actual returns could vary based on market conditions and the performance of the mutual fund. Always do your own research before investing.