SIP calculation: Do you also want to increase your investment in the long term? SIP (Systematic Investment Plan) is a way through which you can create a fund of crores by saving less than ₹ 100 daily. Whether you are a salaried class or a professional, SIP investment is a smart and simple way through which you can easily lay the foundation of a strong financial future.
SIP Calculator: How can you make crores by saving ₹ 100 daily?
In today’s time, SIP has become an excellent investment option. If you regularly save ₹ 100 every day (100 rupees daily saving) and invest it in mutual fund SIP, then how much money you can make in the next 10, 20, 30 and 40 years can be estimated with the help of SIP Calculator.
10 years fund from saving ₹ 100
If you save ₹100 daily, then at the end of the month you will have about ₹3000 invested in SIP. If you get an average annual return of 12% (SIP returns), then in 10 years your fund can be ₹6,97,017. In this, the investment amount will be ₹3,60,000 and the estimated capital gain will be ₹3,37,017.
20 years fund from saving ₹100
If you save ₹100 daily and do SIP for 20 years, then by investing ₹7,20,000 you can create a fund of ₹29,97,444. The capital gain in this will be ₹22,77,444.
30 years of fund from saving ₹100
By saving ₹100 daily for 30 years and doing SIP, you can create a fund of ₹1,05,89,741 by investing ₹10,80,000. The capital gain in this will be ₹95,09,741.
40 years of fund from saving ₹100
If you do SIP in this way for 40 years, then after investing ₹14,40,000, a fund of ₹3,56,47,261 can be prepared. The estimated capital gain in this will be ₹3,56,47,261.
Start SIP at the age of 20, become the owner of ₹3.5 crores in 60 years
If you start a monthly SIP of ₹3000 at the age of 20, then by the age of 60 you can create a fund of more than ₹3.5 crore.
SIP: Know the risks too
SIP can create a good amount of wealth in the long term, but it also carries some risks (mutual fund SIP risk). SIP has benefits such as compounding and rupee cost averaging, but investors should always be cautious about the market risk of mutual funds.
(Disclaimer: The way to invest smartly is to make investment decisions keeping in mind your income, target and risk profile. There is no guarantee in SIP, so consult your financial advisor before investing. Here is a figure of returns based on SIP calculation. Actual figures may vary.)
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