SIP Investment Plan: Suppose you gave yourself a target of 10 years to build a sizeable corpus of Rs 1 crore. This may sound unrealistic, but you must know that in the capital market, choosing the right equity mutual fund along with the right investment strategy could help the investor build a substantial corpus over the long-term systematic investment plans.
Given below are the data from the past 10 years, which shows that some of the equity funds have delivered an annualised return of 21 per cent or more. The question that must be bothering you right now could be: if a scheme consistently gives 21% or more annualised returns (SIP Return), then how much monthly investment is required to create a fund of Rs 1 crore in 10 years? Don’t worry, with the help of the ET Now SIP Calculator, we have also shown the calculations and mentioned the monthly investment needed to build this sizeable amount.
