Mutual Fund SIP: You can create a fund of Rs 1 crore with a SIP of Rs 6,000 per month, See calculation

Mutual Fund SIP: The stock market is a risky investment option. That is why a large number of people are afraid to invest in it. But you can invest indirectly in it through mutual funds. Here the risk is less as compared to the stock market. It is not necessary that you invest a lump sum in mutual funds. You can also invest in mutual funds every month through SIP. Today we will tell you through the SIP calculator how you can accumulate a fund of Rs 1 crore with a SIP of just Rs 6000.

In this way a fund of Rs 1 crore will be prepared

If you are lucky, you can get 50% annual return from mutual fund SIP. But it depends on the condition of the stock market and the performance of the fund. However, in the long term, an average annual return of 12% is easily obtained in SIP. Here we are assuming an average annual return of 12%. Now if you invest Rs 6000 every month in SIP, then in 24 years you will have a fund of ₹1,00,36,123. In this, Rs 17,28,000 is your investment amount and Rs 83,08,123 is interest income.

Investors should keep these things in mind

While investing in mutual fund SIP, you should pay special attention to some important things. First of all, you should know that SIP never gives a fixed return. In SIP, you can get a return of 20 percent or even a negative return of -10 percent. You also have to pay long term capital gains tax on the total return received through SIP. In such a situation, your total corpus may decrease. This year, the central government has increased the long term capital gains tax from 10 percent to 12.5 percent.

Disclaimer: Money invested in mutual funds is subject to market risks. Before investing in it, take advice from experts. If you invest in mutual funds without information, in this situation you may have to face a big loss. The return on investment made in mutual funds is decided by the market behavior.

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