Future Value: ₹13,10,457 at 14% for 10 years. Wealth gained: ₹7,10,457.
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A monthly SIP of ₹5,000 in Nippon India ELSS funds at 14% for 10 years grows to ₹13,10,457. Total amount invested: ₹6,00,000, wealth gained: ₹7,10,457. Popular schemes: Nippon India ELSS Tax Saver Fund.
At 14% expected return for 10 years, ₹5,000/month SIP in Nippon India ELSS funds grows to approximately ₹13,10,457. Total invested: ₹6,00,000, Wealth gained: ₹7,10,457.
Nippon India ELSS funds offer expected returns of 11 - 18% p.a. with high risk. Popular schemes include Nippon India ELSS Tax Saver Fund. Compare with other fund houses on this page.
Nippon India ELSS funds have an expense ratio of 1.00 - 1.65%. Lower expense ratios mean more of your returns stay with you. Exit load: Nil (3-year lock-in).
Yes, most Nippon India fund schemes allow you to increase (top-up) your SIP amount. You can also start an additional SIP in the same or different scheme. Consider step-up SIP for automatic annual increases.
For equity-oriented funds, staying invested for 7-10+ years is recommended to benefit from compounding and average out market volatility.