It gives an estimate that assumes the same return every year. Real mutual fund returns go up and down, so your final amount can be higher or lower.

Past performance does not guarantee future returns. It is sensible to plan with a moderate estimate and also check a lower-return case, so you are ready for a bad stretch.

Equity mutual funds held for more than a year attract long-term capital gains tax. Gains up to ₹1.25 lakh a year are exempt, and 12.5% applies above that. Selling within a year attracts 20%. These rules can change in a Budget.

Yes, most SIPs can be stopped, raised or lowered at any time. In ELSS (tax-saving) funds, each instalment is locked in for 3 years.