Mutual funds borrow money from investors and invest it in the stock market.
In this you can invest money every month through SIP.
If you want to build a fund of 20 lakhs in 10 years,
calculate based on at least 12 percent return.
You have to do SIP of Rs 8700 per month.
If you invest Rs 8700 per month at 12 percent return in 10 years, you will have a total of Rs 20,21,350.
This total amount includes the investment by you of Rs.10,44,000 and the compensation amount of Rs.9,77,350.
These calculations are for illustrative purposes only and do not represent actual returns.
There is no fixed rate of return in stock market and it is not possible to predict the rat
e of return.