SIP has the power to make even an ordinary person a millionaire! See the returns on investments of ₹5000, ₹10,000, ₹15,000 and ₹20,000

Do you also think that becoming a millionaire is only a game for big earners? If yes, then you are wrong. Today you have a powerful scheme like Mutual Fund. In this, you can invest your monthly savings through SIP (Systematic Investment Plan). This monthly savings can turn into a fund of crores in the long term. The average return of SIP is considered to be 12% which is much more than any other scheme in today's time. If you invest ₹5000, ₹10,000 (₹15,000 or ₹20,000) in mutual funds every month through SIP and get a return of 12%, how much money will you accumulate in 15, 20 and 25 years?

If you do a SIP of just ₹5,000 every month, you can create a great fund. At a return of 12%, you will create a fund of ₹23,79,657 in 15 years, ₹45,99,287 in 20 years and ₹85,11,033 in 25 years.

If you double your savings to ₹10,000 per month, you will create a fund of ₹47,59,314 in 15 years, ₹48,59,314 in 20 years ₹91,98,574 and in 25 years you will accumulate a fund of ₹1,70,22,066.

If you put in a little more effort and do a SIP of Rs 15,000 every month, you can lay the foundation for a very comfortable retirement. In this way, you will accumulate a fund of ₹71,38,971 in 15 years, ₹1,37,97,860 in 20 years and ₹2,55,33,099 in 25 years.

People who can save a large part of their income can create a large fund by investing ₹20,000 every month. In this way, you will accumulate a fund of ₹95,18,628 in 15 years, ₹1,83,97,147 in 20 years and ₹2,55,33,099 in 25 years You will accumulate a fund of ₹3,40,44,131.

You can easily start your SIP with the help of any mutual fund company's website, a trusted mobile app or a certified financial advisor.

No. Returns in equity mutual funds are subject to market risks and are not guaranteed. However, historically, good diversified equity funds have given an average return of 12% or even more over a long period like 15, 20 years.

If you sell your investment in equity mutual funds after 1 year, then your profits are taxed as Long Term Capital Gains (LTCG). Profits up to Rs 1 lakh in a financial year are tax-free, and profits above that are taxed at 10%.