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If I continue the SIP for 20 years what would be the amount that I could get

I made two SIP of 3000 in UTI dividend yield fund before 6 years. Recently I made 1000 in UTI Mid cap and UTI MNC, and 2000 in SBI Magnum Mid Cap. I want to give all the SIP to a 20 years time. So approximately what is the amount I am getting and also I am going to deposit 15000 a month in SIP along with other existing funds. What are your suggestions?

Aug 4, 2016 by Ashutosh Dey, Puri  |   Mutual Fund

1. You are currently investing Rs. 6,000 through monthly SIPs. If your investment horizon is 20 years then you can expect a corpus of Rs. around 90 Lakhs after 20 years assuming returns @15%. However, if the returns are around 12.50% then you can expect a corpus of around 64 Lakhs https://www.advisorkhoj.com/tools-and-calculators/systematic-investment-plan-calculator

In the last 15-20 years, SIPs in top diversified equity fund SIPs have given annualised 18-22% return, therefore, you can go ahead with the above assumption.

2. For starting new SIPs, our suggestion would be to go with diversified equity funds. Please check the Top Performing SIPs in Diversified Equity Funds and select a fund from here.

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