SIP Calculation: By saving this much money every day through daily savings, a fund of crores will be created, see the complete calculation..

SIP is the easiest way to invest in mutual funds. Today, crores of people have joined mutual funds. Often there is a misconception that investing in mutual funds requires a lot of savings. But you can create a big fund by saving a few rupees every day.

You can become a millionaire by saving 50, 100, and 500 rupees every day. Along with this, you also get the benefit of compounding in SIP. But for this, you have to invest for a long time. At the same time, in case of emergency, you can also stop SIP and the investment amount can also be increased whenever you want.

How will a fund of crores of rupees be created?

In the calculation given below, we have considered the estimated return to be 12 percent. Because the minimum estimated return in mutual fund SIP is 12 percent. However, this return depends on the fluctuations of the market. It is also believed that you get a return of 12 to 14 percent in SIP.

If you want to invest in SIP, you can start it by investing just Rs 250. A huge fund of Rs 1 crore can be created by saving a few rupees every day.

Rs 50 - If you save Rs 50 every day, you save Rs 1500 in a month. By investing Rs 1500 every month in SIP, a fund of Rs 1,04,09,777 is created in 37 years. In these 37 years, a fund of about Rs 6,66,000 is created. In this way, you can become a millionaire by saving Rs 50.

Rs 100 - Similarly, if you save Rs 100 every day, you will save Rs 3000 in a month. On the other hand, if Rs 3000 is invested every month in a mutual fund SIP, then after 32 years you can become a millionaire. You invest Rs 11,52,000 in these 32 years. With this, you will get a total return of Rs 1,16,75,513 at a return of 12 percent.

Rs 500 - In this way, you have to save Rs 500 every day. This will help you save up to Rs 15,000 per month. If you invest this money in mutual funds every month, you will become a millionaire in just 18 years. At a return of 12 percent, you get Rs 1,06,75,929 after 18 years.

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