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New Delhi: In today's era, securing the future financially has become the need of every person. Due to rising inflation, investment has become more important than savings. These days, there are several options for investments, like the Systematic Investment Plan (SIP). If a person doesn’t have a lumpsum amount for investment, the individual has the option to start a SIP of Rs 3000 per month. Mutual Fund SIP is an easy option for salaried and ordinary income people. Over time, these small savings can become a big support.
If a person does a SIP of Rs 3000 per month and continues it for 10 years, then the total investment amount is Rs 3,60,000. This amount is gradually added to the fund.
If the average annual return is assumed to be 12 percent, then in 10 years the profit would be around Rs 3,12,000. After 10 years, the depositor would be eligible to get Rs 6,72,000 in total if the fund gives a return of 12 per cent.
| Details of the investment | Information |
|---|---|
| Monthly SIP amount | Rs 3000 |
| Investment Period | 10 years |
| Total investment amount | Rs 3,6000 |
| Estimated Annual Return | 12 percent |
| Estimated Total Return | Rs 3,12,000 |
| Estimated Maturity Corpus after 10 years | Rs 6,72,000 |
The biggest benefit in this investment comes from compounding. In this, not only does your deposit amount increase, but the profit earned on it also earns further profit. The longer the investment continues, the more profit you will get. Time plays the most important role here.
This investment method is perfect for those who want to start with a small amount. SIP can be useful for children's education, down payment of home or future needs. Patience and regular investment can lead to good results.
SIP stands for Systematic Investment Plan. In this, the investor invests a fixed amount in mutual funds every month. The market sometimes goes up and sometimes comes down, but the investment continues continuously. This maintains discipline in investing. This method helps in giving better returns in the long term.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold, silver and crypto assets.)
