What if I invest 3 000 a month in SIP for 5 years?

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Written by MFJ Team 01 Feb, 2024

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Hey!!!

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If you invest Rs 3000 every month through SIP in mutual funds, you can earn good returns in 5 years.

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Fund

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Returns depend on the Mutual Fund Scheme.

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“If you start investing early, you can enter the retirement phase at the age of 40. Lets See how much you get?

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In 5 years you will get ₹4.12Lakh where You invested 3 lakhs.

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While you have got a return of ₹ 1,12,432 in just 5 years, you will not get this return in any scheme except mutual fund schemes.

This Return has been calculated @ of 12% per Annum.

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Aloha!!

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But you can make more returns in just 5 years with this same amount.

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If you have invested this amount in Hybrid mutual fund then you get 15% return annually.

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At the rate of 15% per annum,  you get ₹4,48,408 by investing Rs 3 lakh.

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If you dare to take risks then you can invest in small-cap mutual fund schemes.

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You can get a return of Rs 5.17 lakh at the rate of 20%per annum.

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How much  will I get if  I invest  Rs 1000  in SIP?