SIP investment: Individuals can invest their money in a profitable way through a Systematic Investment Plan (SIP). Mutual Funds provide SIP, which allows investors to invest a fixed amount in a Mutual Fund scheme at regular intervals. Instead of investing all at once, an individual can invest once a month or once every quarter.
SIP allows investors to grow a significant amount for their mid-term investment goals such as higher education for children, dream vacations, sabbaticals, and so on.
Even if you are unable to invest a lump sum, wealth can be built up one step at a time through structured investment.
Read More :-PETROL, DIESEL PRICE ON FEBRUARY 9, 2023: CHANGE IN FUEL PRICE? KNOW RATES OF YOUR CITY HERE
Today, we will give you information that how to make Rs 50 lakh in a ten-year SIP plan. According to tax and investment experts, investment should be increased whenever one’s income rises. An annual increase in mutual funds SIP is a good choice.
Considering experts’ advice on achieving Rs50 lakh in 10 years is debatable but consistent investment discipline can help you to achieve the target in a smooth way. One experts said, “A Rs 50 lakh investment goal in ten years is a little ambitious, and it would necessitate investment discipline, such as continuing one’s monthly SIP without fail under any circumstances. Besides this, the investor should rake up his or her monthly SIP through an annual step-up. This allows an investor to begin with the smallest monthly SIP amount possible “as per Live Mint.
When asked how much return can be expected after a 10-year mutual fund SIP investment, experts say that a 12-percentage-point return can be expected.
Read More :-STOCK MARKET OPENING: SHARE MARKET FLASHING RED AGAIN; KNOW TOP GAINERS, LOSERS HERE
Calculator for Mutual Funds
Assume a 15% annual step-up and a 12% return is expected, and the individual wants to accumulate Rs 50 lakh in 10 years. In this case, the mutual fund return calculator or mutual fund SIP calculator indicates that the individual should begin a mutual fund SIP with a monthly investment of Rs 12,500.
Read More :- Latest Business News
