A Systematic Investment Plan (SIP) is a simple and smart way to invest in Mutual Funds. Instead of investing a large amount at once, you can invest small amounts regularly, like daily, weekly, or monthly.
It works like a recurring investment, where the amount is automatically debited from your bank account and invested in the mutual fund of your choice. Once the amount is deposited, you get a certain number of units of the mutual fund scheme that you have invested in. The number of units that you have invested depends on the Net Asset Value (NAV) of that particular scheme for that particular day. On that note, let’s find out how soon you can generate an Rs 8 crore corpus by investing Rs 20,000 monthly in a systematic investment plan. Explore to find out.
SIP calculation conditions
- Target corpus: Rs 8 crore corpus
- Monthly investment: Rs 20,000
- Annualised return: 12 per cent
How much can Rs 20,000 monthly SIP build in 10 years?
The investment amount will be Rs 24,00,000, the capital gains will be Rs 20,80,718, and the estimated retirement corpus will be Rs 44,80,718.
How much can Rs 20,000 monthly SIP build in 20 years?
The investment amount will be Rs 48,00,000, the capital gains will be Rs 1,35,97,147, and the estimated retirement corpus will be Rs 1,83,97,147.
How much can Rs 20,000 monthly SIP build in 30 years?
The investment amount will be Rs 72,00,000, the capital gains will be Rs 5,44,19,464, and the estimated retirement corpus will be Rs 6,16,19,464.
How much can Rs 20,000 monthly SIP build in 33 years?
The investment amount will be Rs 79,20,000, the capital gains will be Rs 7,95,12,496, and the estimated retirement corpus will be Rs 8,74,32,496.
How quickly can you build over Rs 8 crore with Rs 20,000 monthly SIP?
It will take approximately 33 years to build over Rs 8 crore with Rs 20,000 monthly investment.
Also Read: Gratuity Calculation: What will be your gratuity for Rs 33,000, Rs 56,000, and Rs 71,000 last-drawn basic salary after 8 years and 5 months of service?