SIP Calculation: When will you make Rs 10 lakh from SIP of Rs 500 and Rs 1000, see the complete calculation..

You can invest in mutual funds through SIP (Systematic Investment Plan). Apart from SIP, there are many ways to invest in mutual funds. However, today we will specifically talk about mutual fund SIP.

If you also want to invest in mutual funds, then this article can help you in making a decision. Today, we will know that if you do SIPs of Rs 500 and Rs 1000, then after how much time your fund of Rs 10 lakh will be created.

SIP of Rs 500

12 percent- If a person does SIP of Rs 500 every month, then after 27 years, you will create a fund of Rs 20 lakh. If you increase the investment amount, then soon you can add a fund of Rs 10 lakh.

14% - Similarly, if a person does a SIP of Rs 500 every month, then at the rate of 14%, he will be able to accumulate a fund of Rs 10,22,697 on maturity after 24 years.

Rs 1000 SIP

12% - If you increase the investment amount from Rs 500 SIP to Rs 1000, then at the rate of 12% return, you will create a fund of Rs 10 lakh in just 21 years.

14% - If a person does a SIP of Rs 1000 every month, then at the rate of 14%, it will take him 19 years to create a fund of Rs 10 lakh.

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