Mutual Funds SIP: Become crorepati by investing Rs 50 a day; Find what experts say

Mutual Funds SIP or Systematic Investment Plan is one of the most preferred investment option of mutual fund investors. The investment experts are of the opinion that the a investor putting money in mutual funds through SIP, can expect returns of 12 to 14 per cent on investments for mid-long period spanning from 10 to 20 years. In case of very long period, above 20 years and up 30 years, an investor can expect 15-17 per cent return. Experts say, if an investor invests Rs 1,000 per month in a Mutual Funds SIP, he or she would get a maturity amount of Rs 70,09,820.61 after the end of 30 years. This means if an investor decides to take a Mutual Funds SIP plan with Rs 1,500 per month i.e. around Rs 50 per day for 30 years, he or she would get Rs 1,05,14,730.915 as maturity amount after 30 years. In this case, the investor would end up as a crorepati by investing Rs 1,500 per month in SIP for 30 years in Mutual Funds SIP plan.

Speaking on Mutual Funds SIP return Kartik Jhaveri, Director at Transcend Consulting (India) said, "In Mutual Funds SIP an investor can expect a return of around 12 per cent to 14 per cent it the investment period is of around 10 to 20 years. However, this return goes up from 14-16 per cent if the investment period goes up for 20-25 years and if the Mutual Funds SIP is for 30 years or above, one can easily pocket a return from 15 to 17 per cent."

Elaborating upon Mutual Funds SIP returns Jitendra Solanki, a SEBI registered investment expert told Zee Business online, "As per the SBI Mutual Funds SIP calculator, Rs 1,000 per month SIP for 30 years would give around Rs 70 lakh maturity amount. To get above Rs 1 crore maturity amount, one needs to invest Rs 1,500 per month means Rs 50 per day for 30 years. If an investor does that, he or she can get around Rs 1.05 crore maturity amount after 30 years." Solanki said that Mutual Funds SIP is one of the most preferred investment options among investors.