If I invest 1000 per month in SIP for 20 years, how much will I return after 20 years? For this amount, which fund is best for me?

If you invested INR 1000/month, that is INR 12000/year and INR 2.4 Lacs at the end of 20 years.

Even if you assumed a 10% compounding,

• The return amount will be between INR 5.2L (pre-tax)

Even if you assumed a 12% compounding,

• The return amount will be between INR ~7.6L (pre-tax)

Even if you assumed a 14% compounding,

• The return amount will be between INR ~10.76L (pre-tax)

You can use the calculators available online for doing the calculation

• Example – SIP Calculator – Systematic Investment Plan Calculator Online

Regarding best fund selection, you will have to select the same based on

• Risk appetite
• Diversification
• Growth expectations

Also, while investing in Mutual Funds, what are the best Dos and Don’ts, I have shared an answer earlier

What are are some handy tips to help maximize mutual fund returns?

Hope this helps

All the best

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Finance – Lateral Thinking

Happy Investing and God Bless!

About the Author of Post:

The Author is an AMFI registered Mutual Fund Distributor (ARN-262589). Reach out to him via email: edteficonsult@gmail.com