If you sip Rs 1000 in mutual fund for 20 years, you will get 12 to 22 percent interest.
As per compound interest growth you will have ₹9,99,148. And your principal amount will be ₹2,40,000.
₹9,99,148, this amount is as per 12% annual interest rate. How much would you get if you get 15% annually.
If you get 15% annual interest rate then you will get a return of ₹15,15,955 where you invested ₹2,40000 in 20 years.
If you get 20% annual interest rate then you will get a return of ₹31,61,479 where you invested ₹2,40000 in 20 years.
If you get 22% then you will get a return of ₹42,91,948 this is the power of compounding.
If you extend SIP for more 5 years, then by depositing Rs 3 lakh at 22% interest rate, you will get ₹ 1,.29 crore.
If you invest ₹101 daily, you will get ₹1 crore after 30 years at 12.5% interest rate.