Know Your SIP Investment: Want to create Rs 2 cr corpus in 15 years; know what should be your monthly SIP?
Mutual Funds SIP To Become A Crorepati: If you want to invest your money, then there are numerous options available in the market. However, among these options, Systematic Investment Plan (SIP) – is one of the highly effective strategies for wealth accumulation. If your goal is to build a significant financial corpus then this can be done through consistent and disciplined contributions in SIP. Know how -
Mutual Funds SIP
SIP is a method of investing in mutual funds wherein an investor chooses a mutual fund scheme and invests the fixed amount of his/her choice at fixed intervals. Despite being linked to market performance, SIPs offer excellent long-term returns.
Planning to build Rs 2 crore in 15 years?
If you want to build a corpus of Rs 2 crore in the next 15 years, then you have to plan and invest in SIP strategically. So, how much should you invest in a SIP to create Rs 2 crore corpus in 15 years? Know through calculations -
Build Rs 2 crore in 15 Years: If annualised return is 12%
To accumulate a corpus of Rs 2 crore, assuming an average return rate of 12 per cent, you would need to invest Rs 40,000 per month for 15 years.
Calculation -
Total Investment Amount: Rs 72,00,000
Long-Term Capital Gains: Rs 1,29,83,040
Total Approx. Return: Rs 2,01,83,040
Build Rs 2 crore in 15 Years: If annualised return is 13%
To accumulate a corpus of Rs 2 crore, assuming an average return rate of 13 per cent, you would need to invest Rs 36,000 per month for 15 years.
Calculation -
Total Investment Amount: Rs 64,80,000
Long-Term Capital Gains: Rs 1,35,24,526
Total Approx. Return: Rs 2,00,04,526
Build Rs 2 crore in 15 Years: If annualised return is 14%
To accumulate a corpus of Rs 2 crore, assuming an average return rate of 14 per cent, you would need to invest Rs 33,000 per month for 15 years.
Calculation -
Total Investment Amount: Rs 59,40,000
Long-Term Capital Gains: Rs 1,42,84,175
Total Approx. Return: Rs 2,02,24,175
Build Rs 2 crore in 15 Years: If annualised return is 15%
To accumulate a corpus of Rs 2 crore, assuming an average return rate of 15 per cent, you would need to invest Rs 30,000 per month for 15 years.
Calculation -
Total Investment Amount: Rs 54,00,000
Long-Term Capital Gains: Rs 1,49,05,893
Total Approx. Return: Rs 2,03,05,893
Investing in Mutual Funds through SIP
Investing in mutual funds via SIP is less risky than directly buying stocks. With an average return of between 12 per cent to 15 per cent, SIPs outperform most government schemes.
Power Of Compounding
The power of compounding makes your money grow rapidly over time, making long-term SIPs an excellent strategy for wealth creation.