If I do SIP 1500 per month and after every year, I increase SIP 500 and continue for 20 years. If I make 15% return on it, then how much amount will I make?

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Azad

Added an answer on 30 November, -0001

Thank you for asking your question. It's a very good idea to invest in mutual funds through the SIP mode and increase the amount every year. If you are investing for 20 years, there is a high chance of getting a 15% return. If you start with an SIP of Rs. 1500 and increase it by Rs. 500 every year, assuming a 15% p.a. return for 20 years, you will accumulate Rs. 55.59 lakh. The total amount deposited will be Rs. 15 lakh. I hope you find this information useful.

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