Mutual Fund SIP: If you want to prepare a large amount for the future and are looking for a better option for investment, then Mutual Fund SIP can be a great option for you. AMFI data shows that Mutual Fund SIP proves to be very helpful in creating a huge fund in the long term. Through Mutual Fund SIP, investors not only get attractive market returns but also get the tremendous benefit of compounding.
How many years will it take to get an estimated return of 12%
Today we will know here how much time it can take you to create a fund of Rs 1 crore through a monthly SIP of Rs 12,000. If you invest Rs 12,000 every month in a mutual fund SIP and you get an estimated annual return of 12 percent, then it will take you about 19 years to create a fund of Rs 1 crore.
If you get 15% return then in how much time you will become 1 crore rupees
If you get an estimated return of 15 percent every year, then it will take 16 to 17 years to create a fund of Rs 1 crore. And if you get an estimated return of 20 percent every year, then it will take only 13 to 14 years to create a fund of Rs 1 crore with a SIP of Rs 12,000.
Mutual fund investments are subject to market risks
Along with this, it is very important for you to know that the investment made in mutual funds is subject to market risks. That is, the fluctuations in the market will have a direct impact on your portfolio. Along with this, you also need to know that the investment made through mutual funds comes under capital gains, on which you also have to pay tax.
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