New Delhi. Every person wishes to have a lot of money one day so that he can fulfill his future needs. But, to do this you will have to wait for a long time. If you believe that time is money, then you will have to give more time to make more money. If you want to raise money for your child's education or for your daughter's marriage, then starting a SIP in mutual funds can be a good option.

Suppose you have started investing a small amount in an SIP or Systematic Investment Plan, then how much money can you make from it in 20 years? The first rule of any investment is that you determine your expenses and see how much money you can save every month. Most people do this by they first spending and then investing whatever is left. But, it should be done like this that first make a goal and invest, and then move forward on expenses.

How much return on an investment of 5 thousand
Suppose you can save only 5 thousand rupees from your expenses, then how much money can you save with this small investment for 20 years? Now if you get a 12 percent annual return on SIP and invest 5,000 rupees every month, then the total investment amount will be only 12 lakhs. At the rate of 12 percent return on this, you will get a profit of 38 lakhs and after 20 years your total amount will be 50 lakh rupees.

If you get a return of 10 thousand, you will become a millionaire.
Let's assume that you save 5 thousand more from your expenses and can open a SIP of 10 thousand rupees every month, then how much money will you save? Obviously, you have doubled your investment, so its return will also be double. That is, your total investment on an SIP of 10 thousand rupees will be 24 lakh rupees in 20 years, while you will get a return of 76 lakh rupees on it and the total amount will reach 1 crore rupees.

If you increase time instead of money then…
Let us assume that you do not have much money for investment and you can only increase the time, then what will happen? As we mentioned above that time is money… It is obvious that if you spend time instead of money on investment, then also you can earn huge profits. Let us assume that if you stay on a SIP of 5 thousand for 25 years instead of 20, then you will get 95 lakh rupees instead of 50, that is, in 5 years only your money will increase by 45 lakh rupees. Similarly, if you stay on a SIP of 10 thousand for 25 years instead of 20 years, then this amount will become 1.90 crore rupees, which is giving a profit of about 9 lakhs in 5 years only.