SIP Calculator: Who doesn’t like to travel! To take a break from work and tension, everyone plans to travel. However, the expense of room booking, plane, train or petrol in the car can easily drain your pocket.
In such a situation, if you are already planning for a long vacation, then start collecting funds for it from today itself. If you do not want to invest directly in the stock market, then you can invest money in SIP. Let us tell you, generally long term investment is advised in SIP and through this you can add big fund with small savings.
In this series, we have brought a powerful SIP plan for you. In this plan you will have to save Rs 222 daily. You can earn more than Rs 15 lakh by long term investment in SIP for 10 years. Know the complete calculation of this SIP plan here.
SIP Calculator: Save ₹222 daily and get ₹15 lakh in your pocket!
You will have to invest Rs 222 daily in this SIP plan. Suppose you do this for 30 days of the month, that means you will invest ₹ 6,660 in a month and ₹ 79,920 in a year. Keep in mind that you have to do this SIP investment for 10 years. During this period you would have invested a total of Rs 7 lakh 99 thousand 200 in SIP. Generally, long term investment through SIP gives a return of 12%.
According to 12% return, you will get total interest of only ₹ 7,48,178 in 10 years. Let us tell you, on maturity of SIP, the amount of investment (₹ 7,99,200) and interest (₹ 7,48,178) is given together. According to the calculation, you can earn a total of ₹ 15,47,378 through this SIP plan.
Disclaimer: Keep in mind, stock market fluctuations have an impact on SIP. You must take advice from a financial advisor before investing. The maturity amount may change if the returns are more or less.
