Time required for Rs 50 lakh with SIP

Time required for Rs 50 lakh with SIP

Homebuying

Homebuying

Jan 05, 2023

Rajeev Kumar

You can use Mutual Fund SIP to arrange funds to buy a house in future. Here’s a look at how much time it will take to get Rs 50 lakh at 12% interest with SIP.

It will take 15 years to get Rs 50 lakh from SIP if the annual return is 12%

Rs 10,000 SIP

It will take 10 years and 6 months to get Rs 50 lakh from SIP if the rate of return is 12%.

Rs 20,000 SIP

It will take 9 years and 2 months to get Rs 50 lakh from SIP if the rate of return is 12%.

Rs 25,000 SIP

It will take 8 years and 2 months to get Rs 50 lakh from SIP if the rate of return is 12%.

Rs 30,000 SIP

It will take 6 years and 9 months to get Rs 50 lakh from SIP if the rate of return is 12%.

Rs 40,000 SIP

It will take 5 years and 10 months to get Rs 50 lakh from SIP if the rate of return is 12%.

Rs 50,000 SIP

It will take 4 years and 3 months to get Rs 50 lakh from SIP if the rate of return is 12%.

Rs 75,000 SIP

It will take 3 years and 5 months to get Rs 50 lakh from SIP if the annualised rate of return is 12%.

Rs 1 lakh SIP

Bank loans cover 80% cost of the house. However, it is always better to keep the loan amount as low as possible. This is where SIP can help.