If you are worried about your future and can’t figure out what to do then today’s article is for you. Experts say, The sooner you start investing, the more benefits you will have. There are many options available for investing in today’s time. If you are looking for a good option to start investing, a mutual fund SIP could be a better choice for you. Today we will learn how much money you will get if you deposit ₹5000 every month in an SIP for 20 years.
The longer the SIP, the greater the profit. You get the full benefit of an SIP only when you start it at a young age and continue it for as long as possible. The return from an SIP depends on several important factors such as how much money you are investing every month, for how many years you are investing, and what rate of return you are getting each year.
How much money will you have after 20 years with a SIP of Rs 5000?
If you are investing Rs 5000 in a SIP and you receive an average return of 12% per year, you will have approximately Rs 49.95 lakhs after 20 years. This amount includes your investment of Rs 12 lakhs and returns of about Rs 37.95 lakhs. Similarly, if you receive an average estimated return of 15% per year, you could accumulate a total fund of Rs 75.79 lakhs after 20 years. This amount includes your investment of Rs 12 lakhs and returns of about Rs 63.79 lakhs.
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