Currently I am investing through SIPs of Rs 4,500 each in HDFC Equity and SBI Magnum Equity. Please let me know if I can continue investing in these funds and how much can I accumulate by investing in these funds after ten years?
Suresh Rathod, Jaipur
You have selected good funds with a proven performance track record and history, in which SIP investments are preferred over the long run. Investing Rs 9,000 through SIPs for ten years can accumulate Rs 25.07 lakh if the investment earns an annualised 15 per cent. Depending on the performance of the funds that you have invested in, your investments can vary because mutual fund investments do not work on guaranteed returns. However, going by long-term returns, this is achievable. You can continue investing in these funds and track the performance of these funds regularly to assess its progress towards your financial goal.
