"Invest ₹1000 Monthly in SIP: Earn Up to ₹15 Lakh in 20 Years"

If you invest ₹1000 per month in a SIP (Systematic Investment Plan) for 20 years, the returns will depend on the average annual return (CAGR - Compound Annual Growth Rate) of your investment.

SIP Return Calculation:

1. Investment Tenure: 20 years

2. Monthly Investment: ₹1000

3. Average Return Rate (CAGR): 10% (a typical estimate for stock market-based mutual funds)

SIP Return Formula:

The formula for calculating SIP returns is:

FV = P × [(1 + r)^n - 1] × (1 + r) / r

Where:

P = Monthly investment (₹1000)

r = Monthly return rate (CAGR ÷ 12)

n = Total number of months (Years × 12)

Based on the Calculation:

1. CAGR = 10%:

Investment = ₹2,40,000

Total Amount = ₹7,65,697

2. CAGR = 12%:

Investment = ₹2,40,000

Total Amount = ₹9,96,964

3. CAGR = 15%:

Investment = ₹2,40,000

Total Amount = ₹14,98,928

Conclusion:

By investing ₹1000 per month for 20 years, you can accumulate ₹7.65 lakh to ₹15 lakh, depending on the return rate. To achieve better returns, carefully evaluate the past performance and risk level of the mutual funds before investing.