SIP of Rs 1,000 monthly can lead to significant gains; here's how much you can save in 10, 20 and 30 years (2024)

FAQs

How much is 1000 rs monthly SIP for 20 years? ›

If you invest Rs 1000 for 20 years , if we assume 12 % return , you would get Approx Rs 9.2 lakhs. Invested amount Rs 2.4 Lakh. Hope that helps.

A decade-long investment of Rs 1,000 per month would equal Rs. 2,30,038, as compared to Rs. 1,20,000 invested over the same period. SIPs allow for flexibility in investment.

Investing $1,000 a month for 20 years would leave you with around $687,306. The specific amount you end up with depends on your returns -- the S&P 500 has averaged 10% returns over the last 50 years. The more you invest (and the earlier), the more you can take advantage of compound growth.

Just ₹66,000 per month can help you reach ten crore in 20 years. To reach the ten crore corpus, you'll have to invest about 1.31 lakhs every month. The decision comes down to whether I'm willing to take a bit more risk because I have a slightly longer timeframe for it to unfold.

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.

As a rule of thumb, the sooner you start saving for retirement the better. If you start by contributing $1,000 a month to a retirement account at age 30 or younger, your savings could be worth more than $1 million by the time you retire.

Investing $1,000 per month for 5 years through a systematic investment plan could have you end up with $83,156.62.

Over the past decade, you would have done even better, as the S&P 500 posted an average annual return of a whopping 12.68%. Here's how much your account balance would be now if you were invested over the past 10 years: $1,000 would grow to $3,300. $5,000 would grow to $16,498.

How to turn $1000 into $10000 in a month? ›

Is SIP tax-free? SIPs themselves are not tax-free, but they can be a powerful tax-saving tool. Here is why: SIPs are a way to invest in certain mutual funds, like Equity Linked Saving Schemes (ELSS).

How much is Rs. 1,000 for 5 years in SIP? If you invest Rs. 1,000 per month through SIP for 5 years, assuming 10% return. The estimate total returns will be Rs. 18,082 and the estimate future value of your investment will be Rs. 78,082.

On average, this fund category (Equity – Mid-Cap) has yielded a return of 16.54% per annum in the last 20 years. A SIP of Rs. 2500 per month would have built a corpus of about Rs. 46.65 Lakhs in 20 years.

Rs 10,000 SIP turns into Rs 50 lakh in 10 years: This mutual fund delivered over 27% annual returns over 10 years! Nippon India Small Cap Fund – Direct Plan – Growth has been one of the best performing mutual fund schemes across categories in the equity segment.