You will get Rs 2.63 crore from SIP of Rs 5000 in Mutual Fund, how much time will it take, see the calculation

Mutual Fund SIP of Rs 5000 will give you Rs 2.63 crore, how much time will it take, see calculation: Mutual Fund SIP is considered to be an excellent option to earn big money in the long term! Here we will know how a fund of Rs 2.63 crore can be created from a SIP of Rs 5,000! And how much time will it take!

You will get Rs 2.63 crore from SIP of Rs 5000 in Mutual Fund, how much time will it take, see the calculation

Investment made for a long period gives you a lot of money! If a person wants to invest for a long period! Then he has many investment options! Mutual fund SIP is considered to be an excellent option to earn a lot of money in the long term!

Here we will know how a fund of Rs 2.63 crore can be created from a SIP of Rs 5,000! And how much time will it take! So let's know more about this mutual fund SIP in detail….

Mutual Fund SIP – SIP amount will have to be increased by 5% every year

If a person starts a mutual fund SIP with Rs 5000 and increases the SIP amount by 5% every year, this target can be achieved easily. If this investment plan gives an average return of 12% every year, then in 30 years you can have a fund of Rs 2.63 crore.

If you make a step-up of 10 percent, in how many years will a fund of Rs 2.86 crore be ready?

If you start SIP with Rs 5000 and step-up your SIP amount by 10% every year, on which you get an average return of 12% every year, then a fund of Rs 2.86 crore can be prepared in just 27 years.

Systematic Investment Plan – A fund of Rs 3 crore can be created in 27 years

Moreover, if you start a SIP with Rs 5,000, step up by 5 per cent every year and get an average return of 15 per cent every year, then a huge fund of Rs 3.07 crore can be created in 27 years. While starting a mutual fund SIP, you have to keep in mind that the returns are never the same and can fluctuate heavily.