Power of Mutual Fund Investment: SIP in mutual funds is an investment strategy where an investor contributes a fixed amount regularly, based on their financial capacity. The investment amount can be as low as Rs 500, while this interval can be monthly, weekly, or annually. For those people who want to generate a substantial corpus for their post-retirement life and are looking for investment ideas, they can go for a SIP. However, you need to invest strategically. In this write-up, we will calculate the time required to build a retirement corpus of Rs 2 crore, Rs 4 crore, and Rs 8 crore with a monthly SIP of Rs 11,000.
How quickly can you generate a Rs 2 crore retirement corpus with Rs 11,000 monthly SIP?
To build a retirement corpus of Rs 2 crore, you need to invest Rs 11,000 monthly in SIP for at least 26 years, the calculation shows.
Rs 2 crore with 11,000 monthly SIP in 26 years: Calculations
- Total Investment: Rs 34,32,000
- Estimated Capital Gain: Rs 1,76,79,616
- Total Corpus Received: Rs 2,11,11,616
How quickly can you generate a Rs 4 crore retirement corpus with Rs 11,000 monthly SIP?
You need to invest Rs 11,000 monthly in SIP for at least 32 years to build a retirement corpus of over Rs 4 crore, the calculation shows.
Rs 4 crore with 11,000 monthly SIP in 32 years: Calculations
- Total Investment: Rs 42,24,000
- Estimated Capital Gain: Rs 3,85,86,215
- Total Corpus Received: Rs 4,28,10,215
How quickly can you generate a Rs 8 crore retirement corpus with Rs 11,000 monthly SIP?
To build a retirement corpus of over Rs 8 crore with Rs 11,000 monthly SIP, you need to invest for at least 38 years.
Rs 8 crore with 11,000 monthly SIP in 38 years: Calculations
- Total Investment: Rs 50,16,000
- Estimated Capital Gain: Rs 8,06,23,402
- Total Corpus Received: Rs 8,56,39,402
(Disclaimer: Our calculations are projections and not investment advice. Do your own due diligence or consult an expert for financial planning.)