How much will a person earn with ₹5,000 monthly SIP in 10, 20 & 30 years?
Investing in a Systematic Investment Plan (SIP) is a great way to grow your wealth over time. With a consistent monthly investment and a good return on investment, you can accumulate a substantial amount of money. But how much can you earn with a monthly SIP of ₹5,000? Let’s find out in this blog post.
According to SEBI’s SIP calculator, if a person invests ₹5,000 monthly in a SIP at a return of 15% per annum, they can earn a significant amount of money over a period of 10, 20, and 30 years.
10 Years:
A person investing ₹5,000 monthly in a SIP at 15% per annum will earn ₹13.76 lakh in 10 years, with a total investment value of ₹6 lakh. This means that the individual will have earned a return of ₹7.76 lakh, which is more than the total amount invested.
This return is substantial and can help you achieve your short-term financial goals, such as buying a house or funding your children’s education.
20 Years:
In 20 years, the same investment will give a return of ₹74.86 lakh with a total investment value of ₹12 lakh. This means that the individual will have earned a return of ₹62.86 lakh, which is more than 5 times the total amount invested.
This return is even more substantial and can help you achieve your long-term financial goals, such as retirement or buying a second house.
30 Years:
The investment would fetch ₹3.46 crore in 30 years. This means that the individual will have earned a return of ₹3.41 crore, which is more than 70 times the total amount invested.
This return is truly staggering and can help you achieve your most ambitious financial goals, such as retiring comfortably or leaving a legacy for your family.
Key Takeaways:
- Investing ₹5,000 monthly in a SIP at 15% per annum can earn you a significant amount of money over a period of 10, 20, and 30 years.
- The returns are substantial, with the individual earning a return of ₹7.76 lakh in 10 years, ₹62.86 lakh in 20 years, and ₹3.41 crore in 30 years.
- The total investment value is ₹6 lakh in 10 years, ₹12 lakh in 20 years, and ₹60 lakh in 30 years.
Conclusion:
Investing in a SIP is a great way to grow your wealth over time. With a consistent monthly investment and a good return on investment, you can accumulate a substantial amount of money. Whether you’re looking to achieve short-term or long-term financial goals, a SIP can help you get there. So, start your SIP today and watch your wealth grow over time.
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