Capital gains tax will have to be repaid on returns from SIP
SIP Calculator: Investment coming through SIP in India is continuously increasing. The country’s common investors are investing fiercely in mutual funds SIP. There is a lot of risk of stock market in SIP, but the earnings made in it are also from the stock market itself. Apart from this, compounding in SIP also provides tremendous benefit. The longer the SIP is run, the more the investors get a big benefit. Here we will know how many rupees will have to be done every month to prepare a fund of Rs 1 crore in 20 years.
A fund of Rs 1 crore can also be ready with SIP of Rs 7600
If you get an estimated return of 12 percent on an average every year, then a fund of Rs 1.01 crore can be prepared from SIP of Rs 11,000 in 20 years. Similarly, if you get an estimated return of 15 percent every year, then a fund of Rs 1.00 crore can be prepared in 20 years from SIP of Rs 7600. But special care has to be taken here that during this time you will have to continue investing continuously without stopping. If your monthly investment is missed, then your target can also be missed.
Capital gains tax will have to be repaid on returns from SIP
Along with this, if you have more than 20 years, you can continue it for further. If you run your SIP for more than 20 years, the results can be bigger than your thinking. However, you also have to keep in mind that you also have to pay capital gains tax on returns from SIP. Therefore, keeping in mind the payment of tax, increasing the amount of SIP will definitely be more prudent.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
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