SIP Calculation: Nowadays, everyone saves a portion of their salary and invests it. If you’re thinking about investing, but your salary is very low, investing is crucial. Whether your salary is low or high, investing is crucial. Nowadays, people are increasingly choosing mutual fund SIPs for investment. The special feature of SIPs is that you can accumulate lakhs of rupees by investing small amounts. Let’s learn more about SIPs.
Learn about investing in mutual fund SIPs
You can invest in mutual fund SIPs through SIPs. The special feature of SIPs is that investors are required to make regular monthly investments. The special feature of mutual fund SIPs is that you can start investing with just ₹250 and accumulate a substantial corpus by investing over a long period of time. Regarding returns, mutual fund SIPs yield an average of 12%. This return can increase or decrease depending on market conditions.
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Return of a ₹500 SIP
If you invest ₹500 monthly in a mutual fund SIP for 25 years, you can earn a total of ₹1.5 lakh in 25 years. At a 12% rate, you will receive a total of ₹8.51 lakh. Of this, only 7.01% will be your profit. If you earn a 15% rate, you will receive a total of ₹13.78 lakh in 25 years. Of this, you will receive a total of ₹12.28 lakh in profit.
Disclaimer: This article has been written based on articles from various websites. Therefore, if you are planning to invest, please seek expert advice.