Mutual funds: Monthly SIP you need to accumulate ₹10 crore in 20 years2 min read . Updated: 29 Oct 2022, 07:46 AM IST
- SIP calculator: 15 X 15 X 15 rule of mutual funds suggest that one can expect 15% annual return if the time horizon is 15 years or more
Mutual fund investments are considered good investment tool for a long term investor who is ready to take limited risk. The risk factor in equity mutual funds goes further down if the investor has chosen to invest through systematic investment plan or SIP route. In mutual fund SIP investment, an investor gets an average return on the growth given by the markets during the tenure of investment. That's why, investment experts advise that long term SIP can be started any time and one should continue to invest in SIP without bothering about the market movement. Though, it is advised to start investing as early as possible but in case, someone couldn't start saving for one's long term goal in early phase of one's career, mutual funds SIP can help them achieve their long term goal with some adaptation.