SIP Calculation: When will you become a millionaire with 10,000 SIPs, how much time will it take, see the complete calculation..

There is a rush of investors for mutual funds. Under this, you get a minimum return of 12 to 14 percent. However, this return depends on the fluctuations of the market. Under SIP, you invest a fixed amount in a fixed time. This investment amount helps you to create a big fund for the future.

Today we will know that if someone does a SIP of Rs 10,000, then how much time it will take to create a fund of Rs 1 crore. We will understand this with the help of calculation.

Calculation
Investment amount - Rs 10,000 per month

Fund required - Rs 1 crore

If a person does a SIP of Rs 10,000 every month, then it will take him 21 years to create a fund of Rs 1 crore. In this calculation, we have considered the return to be 12 percent.

If we look at it in terms of 14 percent, then it will take 19 years to create a fund of Rs 1 crore from a SIP of Rs 10,000.

Similarly, if the return is 16%, then it will take you 18 years to create a fund of Rs 1 crore.

However, keep in mind that the returns on mutual funds can fluctuate. It completely depends on the fluctuations in the market.

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