How long will it take to reach Rs 1 crore with monthly SIPs of Rs 1000, Rs 2000, Rs 3000 and Rs 5000?

Calculate the time required to reach Rs. 1 crore with monthly SIP investments of Rs. 1000, 2000, 3000, and 5000, assuming a 12% annual return and a 10% annual increase in investment.

Investing Rs. 1000 monthly for 31 years with a 12% annual return yields approximately Rs. 1.02 crore. The invested amount is around Rs. 21.82 lakh, while the interest earned is around Rs. 80 lakh. This calculation includes a 10% annual increase in the SIP investment.

Investing Rs. 2000 monthly for 27 years at a 12% annual return yields approximately Rs. 1.14 crore. The total investment is around Rs. 29 lakh, and the interest earned is around Rs. 86 lakh. This also includes a 10% annual investment increase.

A monthly investment of Rs. 3000 grows to Rs. 1 crore in 24 years with a 10% annual increase in investment and a 12% annual return. The total investment is Rs. 31.86 lakh, and the interest earned is Rs. 78.61 lakh, totaling Rs. 1.10 crore.

To reach Rs. 1 crore faster, invest Rs. 5000 monthly. With a 12% annual return and a 10% annual investment increase, you'll reach approximately Rs. 1.16 crore in 21 years. The total investment will be around Rs. 38.40 lakh, and the interest earned will be around Rs. 77.96 lakh.

SIP investments offer substantial returns over time. Aiming for Rs. 1 crore through SIPs helps achieve high returns. After reaching this goal, larger investments can help achieve further financial goals. (This information is for informational purposes only. Mutual fund investments are subject to market risks. Consult your financial advisor before investing.)