Mutual funds SIP calculator: How to accumulate ₹1 crore in 10 years?
Mutual funds SIP calculator: Ravi Ujjwal is a 40 year old salaried professional and he is planning to invest for the higher studies of his 6 year old daughter. Echoing with Jitendra Solanki's views; Kartik Jhaveri, Director — Wealth at Transcend Capital said, "Investing in mutual funds SIP for 10 year is expected to yield at least 12 per cent per annum. Normally, annual step-up is advised around 10-15 per cent, but to achieve such an ambitious investment goal, I would advise an investor to maintain 20 per cent annual step-up in one's monthly SIP amount." Mutual fund calculator So, if Ravi or any other investor maintains 20 per cent annual step-up for its 10 year SIP, then assuming 12 per cent annual return, one will have to start monthly SIP with ₹21,000, suggests SIP calculator.
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