In terms of wealth creation, SIP Mutual Funds is considered a very good investment option in today's time. The return of SIP is considered very good in the long term. The longer you invest in it, the more money you can add. The special thing is that you can start investing in it with just Rs 500. Know how much money you can make if you run SIP of Rs 500, 1000, 1500, and 2000 continuously for 5 years.

How much money will be made from SIP of ₹ 500?

The average return of SIP is considered to be 12 percent. If you invest Rs 500 for 5 years, then you will invest a total of Rs 30,000. At the rate of 12 percent, you will get a return of Rs 11,243. In this way, after 5 years you will get a total of Rs 41,243.

What will you get in a SIP of ₹1,000
If you run a SIP of ₹1,000 for 5 years, then you will invest a total of ₹60,000. At a return of 12 percent, you will get an interest of ₹22,486. In this way, you will get a total of ₹82,486 after 5 years.

How much money will be added by a SIP of ₹1,500
If you invest ₹1,500 every month in SIP and run it continuously for 5 years, then you will invest a total of ₹90,000 in 5 years. At a rate of 12 percent, you will earn ₹33,730 as interest and after 5 years you will add a total of ₹1,23,730.

How much profit will a ₹2,000 SIP provide?
If you run a SIP of ₹2,000 continuously for 5 years, you will invest a total of ₹1,20,000 in 5 years. You will earn ₹44,973 as interest at the rate of 12% and will accumulate a total of ₹1,64,973 in 5 years.

Keep this in mind

SIP is a market-linked scheme, so there is no guarantee of return in it. Since the average return is considered to be 12%, the calculation here has been done based on 12%. Sometimes the return can be better or less than this. In SIP, you get the benefit of compounding and the benefit of rupee cost averaging in the long term. Apart from this, a return of 12% is not available in any other scheme, so this scheme is considered good in terms of wealth creation. The longer you invest in it, the better profits you can earn. But still, before investing, keep in mind its risks and do your research or consult your advisor before investing.

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