Rs 5,000 every month to make Rs 2 crore by applying SIP, know how?

New Delhi. In the last few years, investors have discovered new asset class and investment tools. In India, awareness has improved among these days about the stock market and financial investment among these people. Mutual funds are a good place for such investors, who want better returns than traditional savings tools and do not even want market risk for it. Systematic investment plans (SIPs) of mutual funds are becoming increasingly popular as they give investors extremely flexibility and liquidity.

How to become a millionaire from sip
Compared to traditional investment means such as fixed deposits and small savings schemes, mutual funds have given more returns for years. In addition, SIPS (Systematic Investment Plan) are more flexible, so that investors can start investment according to their needs. The main method of accumulation of money through SIPS is to start early and stay for a long time.

A slight SIP of monthly ₹ 5,000 can also increase significantly in 20-25 years. This makes SIPs a suitable investment option from which a large retirement fund can be created. If you want to make a corpus of ₹ 2 crore and are doing SIP of ₹ 5,000 every month, then how will your money increase, let us tell you:

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Target: ₹ 2 Crore
Monthly SIP: ₹ 5,000
Time: 31 years
Invested amount: ₹ 18,60,000
Estimated return: ₹ 1,80,92,022
Total Price: ₹ 1,99,52,022

Thus, SIP of ₹ 5,000 can help you create an important retirement corpus, provided you have at least 30 years of investment time. With techniques like ‘Step-up’ SIP, this dream can be fulfilled even more rapidly. ‘Step-up’ feature is a simple method from which SIP zodiac can be extended at regular intervals (eg per year).

Target: ₹ 2 Crore
Monthly SIP: ₹ 5,000
Step-up target: 10% annual
Time: 25 years
Invested amount: ₹ 59,00,823
Estimated return: ₹ 1,54,76,906
Total Price: ₹ 2,13,77,730