" SIP : A Marvellous Journey from Thousands To Crores "

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SIP (Systematic Investment Plan)

· Suppose you are investing in one Mutual Fund Scheme in SIP form as per following detail....
Monthly Investment Amount = Rs.2000/-
Investment Period = 30 Years
Let, expected Amount of annual Return = 14 %

· Now, if we calculate return on investment after 30 years, we will get following results....
Total investment Amount = Rs.720000/-   (7.2 Lakh only)
Expected Maturity Amount = Rs.11114111/- ( 1.1 Crore)
Hence, Total Wealth Gain = Rs.10394111/- (1 Crore)


We can conclude from this example  that SIP is an amazing journey with
unbelievable wealth gain.

Happy Investing !!! 




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Comments

  1. Unknown2 March 2018 at 22:11

    I am serious now abou SIP. I have two queries about SIP. 1). If my target is to gain minimum wealth of 1 crore within 10 or / and15 years then which SBI SIP schemes are suitable for age group of 32, 36 and 53.
    2). Which SIP Schemes can you recommend to be suitable to gain wealth minimum 5 crore and preferred time duration ( e.g. 10/15/20 years)?

    ReplyDelete
  2. Unknown2 March 2018 at 22:21

    *about # age

    ReplyDelete
  3. PRADIP2 March 2018 at 22:35

    Regarding SBI mutual fund, you can choose two scheme for SIP for 15 years......
    1)SBI bluechip fund , Growth option
    2) SBI magnum multicap fund, Growth option
    Your should devide your total SIP of Rs.15000/- (monthly) in this two fund for 15 years.
    Annual return of this two fund is about 20%.
    If you calculate your return considering average 16% annual return, the result will be like this....
    SIP: 15000
    Duration: 15 year
    Annual Return: 16%
    Invested money: 27 lakh
    Expected maturity amount: 1.1 crore
    Wealth gain: 85.3 lakh


    Happy investing!!!

    ReplyDelete
    Replies
    1. Unknown2 March 2018 at 22:46

      Thanks Mr. Mondal.
      Is there any income tax benefit for SIP?

      Delete
  4. PRADIP3 March 2018 at 00:11

    To get Income tax rebate under section 80C, you have invest in ELSS Fund. An article on ELSS is already published, which you can read. If you want to invest in SBI mutual fund for tax rebate, then go for .....

    SBI Magnum Taxgain Scheme, Growth Option.

    ReplyDelete
  5. Unknown3 March 2018 at 21:52

    Mr.Mondal suggest some other good SIP schemes apart from SBI bluchip and SBI Magnum multi cap..

    ReplyDelete
  6. PRADIP3 March 2018 at 22:13

    I will requst you to read my published article 'Choosing the right SIP'. You will find your answer.
    Happy investing!!!

    ReplyDelete
  7. PRADIP12 October 2018 at 03:56

    Thanks!

    ReplyDelete

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