Small investors Between the Systematic Investment Plan (SIP) has become increasingly popular. In the last few years, the number of people who have been sipped has reached crores. The reason for this is possible to deposit larger funds than small amounts. Today we are telling you that if you want to make a fund of Rs 4 crore in 12 years, then how much money will you have to do SIP?
1.30 lakh monthly investment will have to be made
If you want to deposit 4 crore rupees in 12 years, then let us tell you that every month you have to sip 1 lakh 30 thousand rupees. Let us tell you that you will invest Rs 1,87,20,000 in 12 years. It will get a return at the rate of 12%, which is easily possible, then you will deposit Rs 4,00,52,427 after 12 years. Lack of investment amount is possible or more possible because SIP does not get fixed returns. It depends on the move’s move. If the market boom then good returns. If lethargy is possible then low returns are possible.
Which mutual fund scheme should choose
You can easily score your goal by investing this sip money in 5 different mutual fund schemes. You can include growth-oriented flexi-cap funds, value-oriented flexi-cap funds, Momentum index funds, contrast, contrast, contrast and growth-oriented mid-cap funds in your portfolio. This will help you diversify various market cap, which will help your portfolio get better risk-purpose returns. Remember to have a buffer period of about one or two years at the end of your time limit, and only avoid investing in good market conditions to maintain returns.
Invest for long periods
If you want to take a maximum advantage of SIP, then invest for a long period. Invest for at least 7 to 10 years to get the best returns from SIP. Only then you will be able to get great returns on your investment.
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