FAQs
Calculation of SIP returns
To understand this, let us take an example. A monthly investment of Rs 5,000 for 10 years at an expected rate of return of 12 per cent will earn you Rs 11.61 lakh.
How much I will get after 10 years in mutual fund? ›
If the SIP was maintained, this would be the case. With a monthly investment of ₹40,000 in a mutual fund plan, the sum would reach ₹1 crore after 10 years and 6 months. According to the findings of Value Research, large-cap funds achieved an average return on investment of 13.36% during ten years.
Which mutual fund is best in last 10 years? ›
Here are the top 10 best performing mutual funds in the last 10 years:
- ICICI Prudential Bluechip Equity Fund. ...
- Tata Equity P/E Funds. ...
- HDFC Small Cap Fund. ...
- Aditya Birla Sun Life Tax Relief 96. ...
- ICICI Prudential Equity and Debt Fund. ...
- ICICI Prudential Balanced Advantage Fund. ...
- DSP Tax Saver Fund.
What if I invest $10,000 in SIP for 10 years? ›
If an investor invested Rs. 10,000 as SIP for a decade, the total return would be Rs. 21.66 lacs.
How much do I need to invest monthly to be a millionaire in 10 years? ›
Here it's important to understand that the longer we have to save and grow our money, the less we have to save each month to reach our goal. If we want to become a millionaire in 10 years, we would need to save about $6,000 per month. Obviously this is not realistic for most people.
How much to invest to make $100,000 in 10 years? ›
It would take $72,000 in total contributions, making $27,147 in total earned interest. Alternatively, if they choose assets that provide a 9% annual return, which is akin to more aggressive investment, they would need to invest $505 per month for ten years to accumulate $100,000 in total.
Which SIP gives highest return in last 10 years? ›
10 Best SIP Plans for 10 Years in India 2023
Best SIP Plans for 10 Years | 5–Year Annualised Returns |
---|
SBI Technology Opportunities Fund – Direct Plan-Growth | 21.56% |
Franklin India Technology Fund – Direct Plan-Growth | 16.92% |
ICICI Prudential US Bluechip Equity Fund – Direct Plan-Growth | 17.76% |
7 more rowsApr 6, 2023
How many years does it take to double your money in mutual fund? ›
Now, divide 72 by the rate of interest (7%) to know the time it will take for Rs 50,000 to become Rs 1 lakh. So, 72/7 will be 10.2 years. Hence, it will take 10.2 years to double your money if the interest rate remains the same at 7%.
How many years is best for mutual funds? ›
If you are actually looking at equity funds to help you achieve your long term goals then you at least need to give yourself a holding period of 8-10 years. For debt funds, the outlook on rates should be your key driver for holding period.. Unlike equity funds, the debt funds do not really depend on long term holding.
Which mutual fund gives the highest return? ›
Best Performing Hybrid Mutual Funds
Fund Name | 3-year Return (%)* | 5-year Return (%)* |
---|
Quant Multi Asset Fund Direct-Growth | 35.53% | 22.70% |
Quant Absolute Fund Direct-Growth | 32.55% | 20.75% |
Kotak Multi Asset Allocator FoF - Dynamic Direct-Growth | 23.18% | 17.51% |
ICICI Prudential Equity & Debt Fund Direct-Growth | 28.61% | 16.98% |
6 more rows
If an investor invests 20,000 per month for 10 years at the interest rate of 12%, he will be able to generate INR 47 lakh, i.e., more than double the amount he earned in the first five years. In addition, the earnings in 15 years will double the income that an investor had generated in the first 10 years.
Which mutual fund gives highest return in future? ›
Top 10 high-return mutual funds in 2023
Name | Subcategory | 3Y Avg Annual Rolling Return (%) |
---|
Tata Small Cap Fund Direct-Growth | Small Cap Fund | 47.4% |
Parag Parikh Flexi-Cap Fund Direct-Growth | Flexi-Cap Fund | 33.75% |
ICICI Pru Technology Fund | Sectoral Fund- Technology | 44.03 |
Bank of India Small Cap Fund | Small Cap Fund | 43.93 |
6 more rowsJul 4, 2023
How much ROI do I need to double my money in 10 years? ›
If you earn 7%, your money will double in a little over 10 years. You can also use the Rule of 72 to plug in interest rates from credit card debt, a car loan, home mortgage, or student loan to figure out how many years it'll take your money to double for someone else.
What if I invest $5,000 a month in SIP for 20 years? ›
If someone begins a SIP of 5000 per month for a span of 20 years, at 12% assumed annualized rate of return per annum, your total investment in 20 years is Rs. 12 lakh and the accumulated corpus at the end of tenure is close to Rs. 50 lakhs.
What if I invest $100 a month for 10 years? ›
But by depositing an additional $100 each month into your savings account, you'd end up with $29,648 after 10 years, when compounded daily.
How much is $500 a month invested for 10 years? ›
If you invested $500 a month for 10 years and earned a 4% rate of return, you'd have $73,625 today. If you invested $500 a month for 10 years and earned a 6% rate of return, you'd have $81,940 today. If you invested $500 a month for 10 years and earned an 8% rate of return, you'd have $91,473 today.
What if I invest $5,000 a month in SIP for 3 years? ›
Equity Sectoral / Thematic
The 3-year annualized return for each fund is approximately 34.25% and 31.11% respectively. Thus, a monthly SIP of Rs. 5000 in each of these funds for at least 3 years will increase your investment of Rs. 1.8 Lakhs to approximately over Rs.
How much to invest per month to become a millionaire in 5 years? ›
Let's say you want to become a millionaire in five years. If you're starting from scratch, online millionaire calculators (which return a variety of results given the same inputs) estimate that you'll need to save anywhere from $13,000 to $15,500 a month and invest it wisely enough to earn an average of 10% a year.