I want to start sip for rs.10000 per month for 25 years,how much will i get appox.?

Ans: Before anything, please understand that if you have Rs 1 Lakh of today in mind, then you will require Rs 2.39 Lakhs practically 15 years later to buy the same things that you can buy with Rs 1 Lakh today, assuming an inflation rate of 6% per year. And again due to inflation, this amount will keep increasing.

To generate a monthly income of Rs. 1 lakh after 15 years, you will need to invest a minimum of Rs. 90,000 per month through a Systematic Investment Plan (SIP) for the next 15 years.

Assumptions:
• You will continue to redeem amount equivalent to today’s Rs. 1 lakh every month after adjusting inflation until you are 80 years old.
• We have taken conservative SIP growth rate @11% per year.
• The inflation rate is 6% per year.

After 15 years, your SIP investment of Rs. 90,000 per month will grow to approximately Rs. 4.14 crores. This corpus will be sufficient to generate a monthly income of Rs. 1 lakh equivalent, even after accounting for inflation.

Note: This is just an estimate and the actual amount you receive will depend on the actual performance of your SIP investments.

Ans: Investing in mutual funds through SIPs is a wise decision for long-term wealth creation. Since you have a 20-year investment horizon and plan to redeem the investments at the age of 60, you have a considerable time frame to benefit from compounding returns.

Considering your investment horizon and the goal of maximizing returns, you may consider investing in equity mutual funds. Equity funds have historically offered higher returns over the long term compared to debt funds, making them suitable for long-term wealth creation goals.

You can opt for diversified equity funds like large-cap, multi-cap, or flexi-cap funds, which invest in stocks across market capitalizations. These funds provide exposure to a diversified portfolio of stocks, reducing the risk associated with investing in individual stocks.

However, it's essential to remember that equity investments are subject to market risks, and the returns can fluctuate over the investment period. Therefore, it's crucial to stay invested for the long term and maintain a disciplined approach towards your SIP investments.

Before finalizing your investment decision, consider consulting with a certified financial planner who can assess your risk tolerance, investment objectives, and financial situation to provide personalized investment advice. Additionally, conduct thorough research and analysis of different mutual fund options to select the ones that align with your investment goals and risk profile.

Ans: Embarking on a journey of financial planning through SIPs is a commendable step towards securing your future. With dedication and consistency, your monthly investments have the potential to grow significantly over time. The path you've chosen reflects foresight and a commitment to financial well-being.

As a Certified Financial Planner, I appreciate your proactive approach to investing in your future. Remember, while SIPs offer a structured way to invest, it's essential to stay patient and trust in the power of compounding. Your journey towards financial independence is like planting a tree—you nurture it with regular investments, and over time, it grows into a sturdy oak providing shade and security.

Keep faith in your investment strategy, and don't hesitate to seek guidance along the way. With perseverance and wise decision-making, you're laying the foundation for a prosperous tomorrow.

Ans: It's impossible to predict exact returns for any investment. Stock markets fluctuate, so returns can vary. However, with a 3-year horizon, focusing on debt funds might be suitable. They offer moderate returns with lower risk compared to stocks.

Look for "debt funds" or "bond funds" offered by reputable mutual fund companies. Consider a balanced approach by adding a small portion to a diversified equity fund for some growth potential, but remember, equity markets are more volatile in the short term. Research and understand your risk tolerance before investing. Consulting a financial advisor can provide a personalized plan.