Mutual Fund Calculator: Everybody wants to become rich through small investments for long-term. Sensing the need of the common man, mutual fund houses coined the monthly mode investment of investment - SIP (Systematic Investment Plan). It allows thelower-middle class and middle middle class to generate a whopping retirement fund in long-term. As per the Mutual Fund Calculator, a person can generate Rs 1.7 crore by simply investing Rs 9,000 per month or Rs 1.51 crore by investing Rs 8,000 per month.

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Speaking on the long-term return in equity mutual funds Kartik Jhaveri, Director — Wealth Management at Transcend Consultants said, "In equity mutual funds, one can get at least 12 per cent returns if the time-horizon for investment is more than 15 years. However, if the time-horizon goes beyond 20 years, it may go up to 15 per cent, depending upon the kind of mutual fund plan one has chosen for investment.

Keeping the annual return on mutual fund SIP at 12 per cent, if a person invests Rs 8,000 per month for 25 years, the mutual fund calculator says that the maturity amount after 25 years will be Rs 1,51,81,081. In this investment, one will be investing Rs 24,00,000 while the interest earned during the investment period will be Rs 1,27,81,081.

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However, if a person wants at least Rs 1.5 crore after 25 years, one should invest Rs 500 to Rs 1,000 more to remain assured about achieving one's investment goal, said Jhaveri. To a mutual fund investor who has an investment goal of Rs 1.5 crore, then he or she should invest Rs 9,000 per month and remain assured about its maturity amount.

Assuming, 12 per cent returns on 25 year mutual fund SIP of Rs 9,000 per month, the maturity amount as per the mutual fund calculator will be Rs 1,70,78,716. Out of this net maturity amount, Rs 27,00,000 will be net investment while Rs 14,378,716 will be the net interest earned throughout the investment period.