If you save just Rs 20 every day, after 20 years this small amount can become
a big fund of Rs 34 lakh. This is possible through the Systematic Investment
Plan (SIP) of Mutual Fund, in which the magic of compounding works.
SIP investments in mutual funds have seen a tremendous increase in recent
years. The number of SIP accounts has increased to 10.22 crore by November
2024, from 10.12 crore in October.
Another advantage of SIP is that it can be started with a small investment.
Today, many mutual funds allow a daily investment of just Rs 20. When small
investments are combined with compounding, they turn into large sums over
time.
If you invest Rs 20 per day i.e. Rs 600 per month in an equity mutual fund
with a 20% step up, then in 20 years this fund can grow to Rs. 34 lakhs. Let's
assume that you get 14% annual return. If you look at it from this
perspective, then only Rs 7200 will be required in the first year.
If you expect an annual return of 14%, your total investment will be Rs 13.44
lakh in 20 years, while you will get Rs 20.54 lakh as return. In this way, you
will have a total fund of Rs 33.98 lakh ready. This is an ideal investment
especially for those who want to achieve big goals with small savings.
What is SIP ?
Systematic Investment Plan (SIP) is a kind of investment scheme offered by mutual fund companies. Using SIP one can invest small amount peridically (weekly, monthly, quaterly) into a selected mutual fund. For retail investors, SIP offers a well disciplined and passive approach to investing, to create wealth in long term (using the power of compounding). Since, the amount is invested on regular intervals (usually on monthly basis), it also reduces the impact of market volatility.
[સિસ્ટમેટિક ઇન્વેસ્ટમેન્ટ પ્લાન (SIP) એ મ્યુચ્યુઅલ ફંડ કંપનીઓ દ્વારા ઓફર કરવામાં આવતી એક પ્રકારની રોકાણ યોજના છે. SIP નો ઉપયોગ કરીને વ્યક્તિ પસંદગીના મ્યુચ્યુઅલ ફંડમાં સમયાંતરે (weekly, monthly, quarterly) નાની રકમનું રોકાણ કરી શકે છે. છૂટક રોકાણકારો માટે, SIP લાંબા ગાળામાં (using the power of compounding) સંપત્તિનું (ચક્રવૃદ્ધિ) સર્જન કરવા માટે રોકાણ માટે સારી રીતે શિસ્તબદ્ધ અને નિષ્ક્રિય અભિગમ પ્રદાન કરે છે. કારણ કે, રકમ નિયમિત અંતરાલો પર રોકાણ કરવામાં આવે છે (સામાન્ય રીતે માસિક ધોરણે), તે બજારની અસ્થિરતાની અસરને પણ ઘટાડે છે.]
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However, there are risks involved in investing in SIPs. Since these
investments are based on the equity market, market fluctuations can affect
your returns. Therefore, it is important to consider your risk tolerance and
financial goals before investing in SIPs.
Everyone can become a millionaire. Earnings do not matter much to become a
millionaire. You can achieve your goal by investing in the right place. No
large amount is required to start investing. You can start investing even
with a small amount. One only has to invest in the right direction and for
the long term.
Anyone can become a millionaire by saving 10-20 rupees daily. It only
requires long-term investment. If you save 10 rupees daily, then 300 rupees
accumulate in a month. Do it in SIP in Mutual Fund. If you do SIP of 300
rupees every month for 35 years and get 18% return on it, then after 35
years you will get a total return of 1.1 crore rupees.
You don't need a huge amount to invest in mutual funds. You can start with
Rs 500 per month. Saving Rs 1000-2000 per month is possible for every
person. Hence, people earning Rs 20 to 25 thousand per month can become a
millionaire by investing for a long time. You need to continue SIP every
month and then increase the investment as your salary increases, initially
investing 10th of your income.
It is absolutely true that the earlier you start investing, the sooner you
achieve your goal. You can achieve big goals through SIP in Mutual Funds. If
a 20-year-old can do an SIP of Rs 30 every day, then he can accumulate Rs
1.07 crore at the time of retirement i.e. after the age of 60 at 12%
interest. Investing Rs 4,32,000 during this period. When the return is 15%,
you will get a total of Rs 2.82 crore.
Mutual funds have given good returns to investors in the last two decades.
It is possible to expect more by investing directly in equity. But it is
more risky and experience is required to invest in the stock market. It is
easy for everyone to do SIP in Mutual Funds because here a large amount is
not required for investment. You can start investing with just Rs 500 per
month. Then you can increase the investment as your income increases.
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Even if you are over 40, you can accumulate a fund of Rs 1 crore for
yourself by the age of 60, for which you will have to invest a little more
every month for the remaining 20 years. If you do an SIP of Rs 10 thousand
every month, then at the age of 60 you will get about Rs 1 crore (99.91
lakh) at the rate of return of 12 percent. If you get 15% interest, then you
can accumulate 1.5 crore.
| Duration | SIP Amount (₹) | Future Value (₹) |
|---|---|---|
| 20 years | 600 | 5.5 Lakhs |
| 1 years | 600 | 0.1 Lakhs |
| 2 years | 600 | 0.2 Lakhs |
| 3 years | 600 | 0.3 Lakhs |
| 4 years | 600 | 0.4 Lakhs |
| 5 years | 600 | 0.5 Lakhs |
| 8 years | 600 | 0.9 Lakhs |
| 10 years | 600 | 1.3 Lakhs |
| 12 years | 600 | 1.8 Lakhs |
| 15 years | 600 | 2.9 Lakhs |
| 18 years | 600 | 4.3 Lakhs |
| 20 years | 600 | 5.5 Lakhs |
| 21 years | 600 | 6.3 Lakhs |
| 22 years | 600 | 7.1 Lakhs |
| 23 years | 600 | 8 Lakhs |
| 24 years | 600 | 9.1 Lakhs |
| 25 years | 600 | 10.2 Lakhs |
| 26 years | 600 | 11.5 Lakhs |
| 27 years | 600 | 13 Lakhs |
| 28 years | 600 | 14.6 Lakhs |
| 29 years | 600 | 16.4 Lakhs |
| 30 years | 600 | 18.5 Lakhs |
| 32 years | 600 | 23.4 Lakhs |
| 35 years | 600 | 33.1 Lakhs |
To become a millionaire in 10 to 15 years, you will have to increase the
investment amount every month. According to the SIP calculator, to become a
millionaire in 15 years, you will have to do an SIP of at least Rs 15,000
every month. For this, you need to get at least 15 percent interest on it.
To accumulate Rs 1 crore in 10 years, a person may have to do an SIP of at
least Rs 35,000 every month, which is a little difficult.
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