Good move> SIP is a nice way to build wealth. 5k per month over 20 years will likely fetch you Rs 75.8 lakhs assuming 15% returns over this duration. By investing in Direct Plan Mutual Funds (make sure those words are there in the scheme), you can save an extra Rs 14.4 lakhs by eliminating commissions.
Play with this SIP Calculator for Mutual Funds1.1K viewsView 10 upvotes1 of 4 answersUpvote102
Add commentManish Kumar · 6y
Sir,
How to calculate inflation adjusted amount in the future. Without knowing inflation adjusted amount, goal based planning would not be accurate.
