India will be celebrating its 79th Independence Day on Friday, August 15. Every year on August 15th, the country celebrates the historic moment in 1947 when the nation became free from British rule. Several events, including flag-raising ceremonies, patriotic speeches, and cultural programs, are held to celebrate the day.
On this special day, in this article, we calculate the Rs 1,947 SIP per month for 21 years and see how much corpus you can accumulate by the 100th (in 2046) Independence Day. Take a look:
Rs 1,947 SIP for 21 years
If you start an SIP now and continue investing for 21 years, the maturity amount will be Rs 20,30,734 (Rs 20.30 lakh), calculations show.
Expected annualised return
In the above calculations, we have taken an annualised return of 12 per cent.
Invested amount: Rs 4,90,644
Estimated returns: Rs 15,40,090
Total value: Rs 20,30,734
What if you get a 13% annualised return?
At an annualised return of 13 per cent, you can create a corpus of Rs 23,09,760 (Rs 23.10 lakh) in 21 years.
Calculations of Rs 23.10 lakh corpus
Invested amount: Rs 4,90,644
Estimated returns: Rs 18,19,116
Total value: Rs 23,09,760
What if you get a 14% annualised return?
At an annualised return of 14 per cent, you can create a corpus of Rs 26,29,720 (Rs 26.30 lakh) in 21 years.
Calculations of Rs 23.10 lakh corpus
Invested amount: Rs 4,90,644
Estimated returns: Rs 21,39,076
Total value: Rs 26,29,720
What if you get a 15% annualised return?
At an annualised return of 15 per cent, you can create a corpus of Rs 29,96,606 (Rs 29.97 lakh) in 21 years.
Calculations of Rs 23.10 lakh corpus
Invested amount: Rs 4,90,644
Estimated returns: Rs 25,05,962
Total value: Rs 29,96,606
Investing in mutual funds is subject to market risks. Consult your advisor before making any investment.