Mutual funds have become very popular among investors today. The return received in this depends on the fluctuations of the market. Investment can be made in SIP even without a demat account. Apart from this, you also get the option to start SIP on many UPI apps like PhonePe.

Today, we will specifically talk about SIP calculation. You can become a millionaire even by saving Rs 250 every month. The amount of Rs 250 seems very small, but this amount will make you a millionaire.

Let us know how long you will have to invest in SIP to become a millionaire.

Understand the calculation

We have considered the return received during the calculation to be 12 percent. Because the minimum estimated return in mutual funds is 12 percent. However, this return can be more or less. It depends on the fluctuations of the stock market.

Calculation
Investment amount- Rs 250 per month

Interest rate received -12%
Maturity amount- Rs 1 lakh

If you want to earn Rs 1 lakh by investing Rs 250 every month through SIP, then you will have to invest for about 14 years. In these 14 years, you invested Rs 42 thousand in SIP. At the same time, you get Rs 61,385 according to the estimated return of 12 percent. At the same time, the maturity amount is Rs 1,03,385.

Apart from this, if you invest for 20 years, then you will get double the money. Which means that you will get Rs 2,29,964 in maturity. At the same time, your total investment amount is Rs 60 thousand. Along with this, you will get Rs 1,69,964 in return.

In this way, the more you increase the investment amount and investment period, the more profit you will get. If you want profit with low risk, you can invest in different funds like debt, hybrid and equity.

Mutual funds have become very popular among investors today. The return received in this depends on the fluctuations of the market. Investment can be made in SIP even without a demat account. Apart from this, you also get the option to start SIP on many UPI apps like PhonePe.

Today, we will specifically talk about SIP calculation. You can become a millionaire even by saving Rs 250 every month. The amount of Rs 250 seems very small, but this amount will make you a millionaire.

Let us know how long you will have to invest in SIP to become a millionaire.

Understand the calculation

We have considered the return received during the calculation to be 12 percent. Because the minimum estimated return in mutual funds is 12 percent. However, this return can be more or less. It depends on the fluctuations of the stock market.

Calculation
Investment amount- Rs 250 per month

Interest rate received -12%
Maturity amount- Rs 1 lakh

If you want to earn Rs 1 lakh by investing Rs 250 every month through SIP, then you will have to invest for about 14 years. In these 14 years, you invested Rs 42 thousand in SIP. At the same time, you get Rs 61,385 according to the estimated return of 12 percent. At the same time, the maturity amount is Rs 1,03,385.

Apart from this, if you invest for 20 years, then you will get double the money. Which means that you will get Rs 2,29,964 in maturity. At the same time, your total investment amount is Rs 60 thousand. Along with this, you will get Rs 1,69,964 in return.

In this way, the more you increase the investment amount and investment period, the more profit you will get. If you want profit with low risk, you can invest in different funds like debt, hybrid and equity.

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