New Delhi. There are many options available today for investing in mutual funds. But most of the people choose SIP for investing in it. Today, with the help of SIP calculation, we will understand how much fund will be generated after 10 years with a SIP of Rs 3000 every month?
If a person invests Rs 3000 every month in a mutual fund, then at 12 percent return he will get Rs 6,97,000. Your principal amount in these 10 years will be Rs 3,60,000. In this way only Rs 3,37,000 can be received in returns. However, these returns completely depend on the fluctuations of the stock market.
Stopping SIP when the market falls
It is generally seen that SIP investors get nervous when the stock market falls. They consider closing the SIP in such a situation. So that they do not suffer any more harm than this. Which is completely wrong. If you want profits in mutual funds, then invest for long term. You will see profits if you invest in the long run.
Along with this, when the stock market falls, it is considered better to invest more time. Because at this time the value of the shares decreases or you get the shares at a lower price. Therefore, this is not the time to stop SIP, but the time to invest.
Not choosing the right fund
The investor should select the fund according to his needs. Like if they want maximum profit, then invest in equity funds. Similarly, if they want to invest in low-risk funds, they can choose debt and hybrid funds. Apart from this, investment can also be made in ETFs like digital gold.
(Disclaimer: The information given here on mutual funds is not investment advice. Jagran Business is not giving investment advice. There can be risks in mutual funds, so please consult a certified investment advisor before investing.)
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