Set to ₹5,000 a month for 20 years at 12%. Change the years and the return.
At an assumed 12% a year, ₹5,000 a month becomes about ₹4.12 lakh in 5 years, ₹11.62 lakh in 10, ₹25.23 lakh in 15, ₹49.96 lakh in 20 and ₹1.76 crore in 30. In the 20-year case you put in only ₹12 lakh; the rest is growth.
At an assumed 12% a year, ₹5,000 a month becomes about ₹4.12 lakh in 5 years, ₹11.62 lakh in 10, ₹25.23 lakh in 15, ₹49.96 lakh in 20 and ₹1.76 crore in 30. In the 20-year case you put in only ₹12 lakh; the rest is growth.
The return is an assumption, not a promise. At 10% a year the 20-year figure falls to about ₹38.28 lakh, so it helps to test a lower rate too. Raising the SIP by 10% each year does more than a few extra points of return; try the step-up tab.
Also searched as: 5000 sip for 20 years, 5000 sip for 10 years, sip of 5000 per month, 5000 sip returns, 5000 sip for 15 years.
About ₹11.62 lakh at 12% a year, from ₹6 lakh invested.
About 26 years at 12% a year: ₹94.9 lakh after 25 years and ₹1.08 crore after 26.
For equity funds, gains on units held over a year are taxed at 12.5% above ₹1.25 lakh of such gains a year; units sold within a year are taxed at 20%.
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