SIP Calculator: How quickly can Rs 10,000 to Rs 1 lakh monthly SIP reach Rs 5 crore?

SIP Calculator: Investors can leverage Mutual Fund Systematic Investment Plans (SIPs) to fulfill various financial goals, provided they understand the inherent risks and seek suitable advice to choose the mutual fund that best fits their objectives.

Historically, many mutual fund schemes have been capable of generating returns that exceed inflation and provide significant profits. With an SIP plan, investors can conveniently invest a portion of their income on a monthly, weekly, bi-monthly, quarterly, semi-annual, or annual basis.

This article explores the time required to amass a sum of Rs 5 crore by investing between Rs 10,000 and Rs 1 lakh each month, assuming a return rate of 12%, as outlined in a previous report by FundsIndia.

Also Read: Inflation Calculator: What Rs 1 crore saved for retirement could be worth in 30 years

For a Rs 10,000 SIP: Investing Rs 10,000 each month will allow you to accumulate Rs 5 crore in a period of 32 years and 11 months, assuming a compound annual growth rate (CAGR) of 12%.

For a Rs 20,000 SIP: A monthly contribution of Rs 20,000 will enable you to reach Rs 5 crore in 27 years and 3 months, with a CAGR of 12%.

For a Rs 25,000 SIP: By investing Rs 25,000 monthly, you can achieve Rs 5 crore in 25 years and 6 months at a 12% CAGR.

For a Rs 30,000 SIP: A monthly investment of Rs 30,000 will facilitate the accumulation of Rs 5 crore in 24 years, assuming a 12% CAGR.

For a Rs 40,000 SIP: With a CAGR of 12%, you will be able to reach Rs 5 crore in 21 years and 9 months, by contributing Rs 40,000 each month.

For a Rs 50,000 SIP: Assuming a 12% CAGR, you will be able to achieve Rs 5 crore in 20 years and 1 month with a monthly investment of Rs 50,000.

For a Rs 75,000 SIP: Investing Rs 75,000 monthly will enable you to accumulate Rs 5 crore in 17 years,

For a Rs 1 Lakh SIP: A monthly contribution of Rs 1 lakh through an SIP will allow you to reach Rs 5 crore in 15 years at a 12% CAGR.

(Disclaimer: The information presented above is meant exclusively for informational purposes. There is no assurance or guarantee that a mutual fund scheme will achieve 12% annual returns in the future. It is recommended to seek advice from your financial advisor before making any investment decisions.)