My name is arpan living in Kolkatta earning around 500000 lacs. Iam 26 years old single living with parents. I wanted to know what would be the value of my investment when iam 32 years old. Iam planning to marry at the age 32 and above and would like to put the least burden on my parents. I have done SIP in two funds for 10000 each. My existing value of investment in frontline mutual fund is 350856.94. Keep my email id hidden. Thanks in advance.
Firstly let me congratulate on the view of yours of not putting much burden on parents & also on being the first person to put a question on this section. Secondly I presume, by the profile of yours that the household burden is still not on your shoulders and your parents are taking care of everything else and you are just engaged in work.
From 26 to 32 you have 6 years of time frame.
Assuming you get 15% on your SIP’s the worth at the age 32 would be : Rs.2313472/-
Further your existing investment of Rs.350000/- (rounded) would be Rs: 809571/-
Total of all investments comes to Rs.3123043/-
Consider a inflation of 5% on average for the next 6 years then the worth of the above money in today’s term would be Rs.2330463/-
Note: Please round of the figures you send in future as few hundred rupees would not make any big impact.