If you want to collect a fund of Rs 10 lakh by investing in SIP, then invest this much money every month, but keep these things in mind

By investing a little bit every month in Mutual Fund SIP, you can collect a very good fund. Let us know how much money will have to be invested every month to create a fund of up to Rs 10 lakh through SIP.

Every person should save some part of his monthly income and invest in a good place. By investing money, you not only collect funds for yourself but also get returns on your earnings. Nowadays, investing in mutual funds through SIP is becoming very popular among people. By investing a little bit every month in Mutual Fund SIP, you can collect a very good fund.

How to create a fund of up to Rs 10 lakh through SIP

If you want to create a fund of up to Rs 10 lakh by investing in Mutual Fund SIP, then for this you will have to invest a fixed amount every month. SIP gives an average return of 12 percent. This return can also be up or down.

If you invest Rs 1000 every month in SIP, then it will take you 21 years to create a fund of 10 lakhs. In this time, the amount invested by you will be Rs 2.52 lakhs.

If you invest Rs 2000 every month in SIP, then it will take you 16 years to create a fund of 10 lakhs. In this time, the amount invested by you will be Rs 3.84 lakhs.

If you invest Rs 5000 every month in SIP, then it will take you 10 years to create a fund of 10 lakhs. In this time, the amount invested by you will be Rs 6 lakhs.

Keep these things in mind.

How much return you will get in mutual fund SIP also depends on the market, but if you invest regularly for a long time, then the effect of market fluctuations gets averaged, which gives returns.