New Delhi: Long term investing serves two purposes- while on one hand it helps you to build a huge corpus, on the other hand it has the ability to buffer you against all market odds.
One such long term investment is Monthly Systematic Investment Plan (SIP) which lets you invest a specific amount regularly in a mutual fund scheme of your choice. (Also Read: Crypto Tax: How To Report It While Filing ITR, Whether Taxed And What Not?)
Here is an estimated crorepati calculator, which gives you the information to earn in crores by investing just Rs.6000 per month.
As per HDFC Securities SIP calculator, investment and profit is based on three basic parameters
– How much can you invest monthly?
– How long are you planning to invest?
– Your investing style: Conservative, Moderate and Aggressive
Based on the above parameters, HDFC Securities SIP calculator says
If you are a conservative investor then the amount you will get will be Rs 58,06,335
– If you are a medium investor, the amount you get is Rs 74,02,679
– If you are an aggressive investor, the amount you will get would be Rs 1,00,71,684
There are many online SIP calculators available in the market which give you an idea of your monthly investment calculator and the expected returns you will get. The above amount is just a basic assumption. Depending on how much you can invest, you can choose the amount, choose the tenure and expected rate of return and get the maturity value.
(Disclaimer: Please check with your portfolio manager before investing in any fund. This story is not meant to be any financial advice. It is just an approximate indicator)
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