How saving Rs 100 per day as SIP can help you?

If you save Rs 100 per day and invest that money via a Systematic Investment Plan (SIP) in a mutual fund with a 12% annual return can grow into a big retirement fund. Rs 100 daily saving means that Rs 3,041.66 a month or Rs 36,500 saved a year.

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For 15 Years: If you get a 12% return on that investment, your expected amount of money for 15 years will be Rs 15,34,416, while your total investment will be Rs 5,47,380. In the long term, you gain Rs 9,87,036.

For 20 Years: At a 12% return on your investment, your expected money will be Rs 30,38,409, while your total investment will be Rs 7,29,840. You gain Rs 23,08,569.

For 25 Years: At a 12% return on your investment, your expected money will be Rs 57,70,708, while your total investment is Rs 9,12,300. You gain Rs 48,58,408.

For 30 Years: At a 12% return on your investment, your expected money will be Rs 1,07,34,468 while your total investment is Rs 10,94,708. You gain Rs 96,39,708.

However, the real magic of SIP compounding growth started after 15 years of investments.