Planning a Rs 10 crore retirement corpus? Know the mutual fund SIP amount you need
1/7
Target corpus
Are you planning a retirement corpus of Rs 10 crore by the time you reach the age of 60? Here is the mutual fund SIP amount you need to invest to reach your target corpus, according to the Wealth Conversations Report by FundsIndia.
2/7
Rate of return
Suppose with an expected rate of return of 12%, know what monthly investment you need to invest with the defined investment horizon to achieve the desired corpus.
3/7
If starting at age of 20
If you start investing at the age of 20, the monthly mutual fund SIP investment required would be only Rs 8,416 only.
Amazon Top Deals
POWERED BY
Crompton Ozone 75 Litres Desert Air Cooler for home | Large & Easy Clean Ice Chamber | 4-Way Air Deflection | High Density Honeycomb Pads | Everlast Pump | Auto Fill| 3 Year Brand Warranty
₹9,798Buy Now43%
OFF
LG 32 L Convection Microwave Oven (MC3286BRUM, Black, 360° Motorised Rotisserie for Bar-be-queing, 301 Auto Cook Menu, Stainless steel cavity, Indian Cuisine, Tandoor Se, Steam Clean & Diet Fry)
₹19,090Buy Now20%
OFF
4/7
If starting at age of 25
If you start investing at the age of 25, the monthly mutual fund SIP investment required would be only Rs 15,000 only.
5/7
If starting at age of 30
If you delay your investment and start at the age of 30, the monthly mutual fund SIP investment required would be two times more at Rs 28,000.
6/7
If starting at age of 40
If you delay your investment and start at the age of 40, the monthly mutual fund SIP investment required would be six times more at Rs 1 lakh.
7/7
If starting just 5 years before retirement
If you delay your investment and start at the age of 55, the monthly mutual fund SIP investment required would be Rs 12 lakh.