What could be approx returns of Axis Long Term Equity Fund 1000 per month SIP for 20 years

Axis Long Term Equity Fund is one of the best performing ELSS Funds. Since launch the fund has given a XIRR return of 20.85% on SIP investments. If you had invested monthly Rs. 1,000 since inception (29/12/2009) in this fund then your total accumulated value would have been Rs. 153,482 (based on NAV of 9/6/2016) whereas your investment would be Rs. 78,000 only. Please check this https://goo.gl/tI0yDk

With regards to return of this fund for next 20 years, please note that the past performance of any mutual fund scheme is no guarantee for future returns. However, the indicative future value on different rate of returns could be following –

Returns @ 12% - Rs. 9.99 Lacs

Returns @ 15% - Rs. 15.15 Lacs

Returns @ 18% - Rs. 23.43 Lacs

Returns @ 20.85% (current rate of SIP return of this fund since inception) - Rs. 35.71 Lacs. Please check this Calculator

(assuming investment of Rs. 1,000 per month for 20 years. Total investment Rs. 240,000 through 240 instalments).