हिंदी में यह आलेख देखने के लिए, यहां क्लिक करें
Most of new entrant to Mutual Fund investment start SIP with a very low amount, say Rs 1000 or 2000 and they think that they have done a good investment. But is this amount enough? Does one know how much one should invest to have a good sum over long term?
Let us analyze this.
Assume that Mutual Fund provides 15% return over long term. Suppose one want to invest up to the age of 50 years in Mutual Fund through SIP and stops further investment but keeps the invested amount till the age of 60 years.
Let us see how much one will have to invest if one starts SIP at different age level and how much it will grow to once one reach the age of 60 years. Table below provides this details.
From the table above, you can see that if you started SIP at the age of 25 years and continue till the age of 50 years and keep the invested amount till the age of 60 years, your investment of Rs 7.2 Lakhs will grow to 2.6 Cr (assuming long term return of 15%).
However, if one starts SIP at the age of 40, he/she will have to invest monthly Rs 25,000 till the age of 50 years to achieve the same level of 2.6 Cr at the age of 60 years but against investment of Rs 30 Lakhs.
Summary of the above analysis is:
- DO NOT defer your investment for later date. Start today.The more you delay, the more you will have to invest.
- Review your SIP amount. Increase it based on your age bracket above if you starting SIP now.
Happy Investing. Click HERE to start paperless investment today.