It is possible to make a lot of money in a short period of time, but this is only possible with proper planning. Today we bring you such a calculation, through this calculation, you will also get 50 million rupees. If you don’t know much about the stock market or don’t want to take on too much risk, investing in mutual funds may be a better option for you.
Experts say investing in mutual funds can bring you big money over the long term. You can invest in mutual funds as a lump sum or on a monthly basis. Monthly investment can be done through SIP. There is no limit on the maximum investment amount in SIP. Let us know how much investment is required and how many years you need to wait to deposit Rs 5 Crore…
How much SIP is required for Rs 5 Crore?
Mutual funds provide estimated interest rates, which depend on the nature of the market. However, let us assume that in the long run you are getting 12% interest per annum and want to raise Rs 5 Crore through SIP, then you will have to make a similar investment.
- To get Rs 5 crore in 20 years, a monthly SIP of Rs 50,000 is required.
- The required monthly savings for 25 years is Rs 26,500.
- If the target is to reach Rs 5 crore in 30 years, then a monthly SIP of Rs 14,250 has to be completed.
So, assuming an annual return of 12%, by consistently saving Rs 50,000, Rs 26,500 or Rs 14,500 every month, one could accumulate around Rs 5 crore in 20, 25 or 30 years.
How much have you received in return over the past five years?
Notably, Nifty index funds have returned 18% annually over the past 5 years, while multi-cap mutual funds have grown at a CAGR of over 25% over the past 5 years. Many other equity mutual fund schemes have also performed well. However, it is important that you remember that you must continue to invest. If you invest intermittently, you may need more time to raise Rs 5 Crore or you may face deposit problems.
(Note – Always take advice from market experts before making any type of investment.)
