Mutual fund calculator: Vijay Kumar Virnave is a 24-year previous skilled and his month-to-month take dwelling wage is close to ₹35,000. He is planning to begin an funding from subsequent monetary yr that might allow him create ₹5.5 crore corpus when he turns 45-year previous. However, his danger urge for food isn’t that a lot excessive and he do not need to make investments straight in inventory market.
Speaking on a really perfect funding instrument that might allow Vijay to satisfy his funding purpose; Kartik Jhaveri, Director – Investments at Transcend Capital stated, “As Vijay is 24 year old today and he is planning for new investment from next financial year, it means Vijay want to accumulate ₹5.50 crore in 20 years. As he is not interested in direct stock market investment, equity mutual funds would be an ideal choice for an investor like Vijay. In such long term mutual funds investment, he can expect around 15 per cent mutual funds interest rate on his money.”
Advising Vijay to maintain on rising one’s month-to-month SIP utilizing annual SIP step-up; SEBI registered tax and funding professional Jitendra Solanki stated, “Vijay has an formidable goal of ₹5.50 crore in 20 years. So, I might advise investor like him to maintain on rising month-to-month SIP quantity with enhance in annual earnings. As he’s a salaried occupation, he can count on his earnings to develop annual by at the very least 10 per cent. However, his funding purpose is barely formidable, so I might advise him to take care of 15 per cent annual SIP step-up and get compounding profit on one’s cash.
15 X 15 X 15 rule of mutual funds
Jitendra Solanki suggested SIP buyers to recollect 15 X 15 X 15 rule of mutual funds, the place an investor can count on to get 15 per cent return investing ₹15,000 for 15 years. However, to attain ₹5.50 crore funding purpose, he suggested 15 per cent SIP step-up and enhance the time-horizon to twenty yr.
Mutual fund return calculator
Assuming 15 per cent return on ₹15,000 month-to-month SIP for 20 years sustaining annual SIP step-up of 15 per cent, mutual fund SIP calculator means that one would get round ₹5.55 crore maturity quantity. That means, Vijay can hope to attain ₹5.50 crore funding purpose following this mutual funds funding technique.
View Full PictureSource: piggy mutual fund SIP calculator
Mutual fund SIP calculator means that following the above talked about mutual funds funding technique, Vijay will get ₹5,55,94,043 maturity quantity, which is barely increased than his funding purpose of ₹5.50 crore.
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