I am 50 year old, invested 11000/- per month SIP in SBI Magnum ESG fund, SBI Flexi cap, SBI Dividend yield fund, Sundaram Small Cap, Sundaram aggressive fund, DSP NRNE, HDFC Midcap, how much this will be aftre 15years.
Ans: Calculating the future value of your SIP investments after 15 years depends on various factors such as the rate of return, market conditions, and the performance of the chosen funds. It's essential to understand that predicting future returns with absolute certainty is challenging due to market volatility.
However, as a rough estimate, you can use an SIP calculator available online to input your monthly SIP amount, expected rate of return (based on historical performance or projected growth), and investment duration (15 years). This will give you an approximate idea of the corpus you can accumulate at the end of the investment period.
Remember, past performance is not indicative of future results, and it's crucial to regularly review your investments and adjust your strategy as needed to stay on track towards your financial goals. Consulting a Certified Financial Planner can provide personalized guidance and recommendations tailored to your specific financial situation and objectives.