By Admin 
SIP Calculator: Do you also want to add a huge amount for your future by investing every month? Do you also think that adding Rs 1 crore is like a dream for you? So this is not the case at all, with just a little investment you can add this amount for the future. You might be a little surprised after reading these things, but this is absolutely true. Here we will tell you the mathematics of SIP, after reading which you will start seeing this dream in front of you.
Amount up to Rs 1 crore will be deposited through SIP
Almost everyone knows about SIP i.e. Systematic Investment Plan. Through this, you withdraw a fixed amount every month which is deposited in this investment plan. Some interest rate is charged on this amount every month, due to which this money keeps increasing. Over many years, the amount you deposit and the interest rate together become your savings for your future. If you also want to add up to Rs 1 crore in 10 or 20 years, then here we tell you the method.
Add Rs 1 crore in 20 years like this
If you want to add up to Rs 1 crore in 20 years, then for this you will have to understand a little mathematics. For example, suppose you are giving SIP of Rs 12,000 every month. You are getting 11 percent interest on this. Then you will be able to add more than Rs 1 crore after 20 years. Let us explain its mathematics:
Monthly SIP: Rs 12,000
Years: for 20 years
Returns: 11%
Total Investment: Rs 28,80,000
Future Value: Around Rs 1.04 crore
Similarly, if you want to add up to Rs 1 crore in 10 years, then for that you will have to withdraw double the monthly amount mentioned above, i.e. around Rs 25 to 30 thousand. However, withdrawing double SIP is not easy for everyone. In such a situation, whenever you invest, do it keeping in mind your current expenses. So that you do not have to face any kind of difficulty.