SIP Calculation: Make returns of 1.30 crore rupees by investing only 10,000 rupees every month. See calculation details
SIP Calculation: Make returns of 1.30 crore rupees by investing only 10,000 rupees every month. See calculation details
SIP Calculation: Make returns of 1.30 crore rupees by investing only 10,000 rupees every month. See calculation details |
TOP-UP SIP: SIP may be conducted daily, weekly, or monthly. Investors that participate in long-term SIPs profit from compounding. Among them is the Top-Up SIP facility. That is, your corpus may double if you contribute a certain amount annually in addition to your monthly SIP.
SIP TOP-UP: SIP is very popular when it comes to mutual funds. In October 2023, SIP investment hit a record high of Rs 16,928 crore. SIP investments were at Rs 16,000 crore for the second month in a row. Long-term investing is encouraged via mutual fund investments made through Systematic Investment Plans (SIPs). SIP might be carried out daily, weekly, or monthly. Investors that participate in long-term SIPs profit from compounding. Among them is the Top-Up SIP facility. That is, your corpus may double if you contribute a certain amount annually in addition to your monthly SIP.
TOP-UP SIP may be interpreted as if you had selected the Rs 10,000 monthly SIP option. You may, incidentally, top up a certain amount in SIP each year in proportion to your wage increase. Let's compute this to have a better understanding.
SIP Calculation: Typical
SIP per month: Rs. 10,000
Time frame: 20 years
Return estimate: 12 percent
A total of Rs 24 lakh was invested.
20-year SIP value: Approximately Rs 1 crore (Rs 99.91 lakh)
Profit projection: Rs 75.91 lakh
TOP-UP SIP Calculation
SIP amount at first month: Rs 10,000
Time frame: 20 years
Anticipated yield: 12 percent
Every year, 10% of the total
A total of Rs 68.73 lakh was invested.
20-year SIP value: Rs 2 crore (Rs 1.99 crore)
Profit estimate: Rs. 1.30 crore
SIP TOP-UP: What is the professional's view?
Director of BPN Fincap Amit Kumar Nigam states that the market's prognosis is improving. In this case, using the TOP-UP SIP formula in addition to standard SIP may be quite beneficial. In actuality, TOP-UP SIP is a service that allows you to yearly supplement your normal SIP with a certain amount. For instance, you top up a certain amount in SIP each year in proportion to your annual wage increase. You may simply and rapidly reach your investing objective with TOP-UP SIP.
(Disclaimer: Buying mutual funds is not advised here. Before making any investing decisions, speak with your adviser.)
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