Compounding Magic: Want to accumulate Rs 15 crore fund at retirement? Here's how you can achieve it with just Rs 8,500 monthly SIP

Investing through SIPs makes you a disciplined investor as the SIP amount gets deducted automatically from your bank account.

If you start a SIP early with a small amount, you can accumulate a good amount at retirement. But even if you start late, investing regularly can still help you to get a big amount.

You also get an opportunity to choose any type of SIP like fixed, flexible, or perpetual as per your needs.

SIPs provide access to a wide range of assets, which can help diversify investment risk. 

SIPs can help you achieve financial goals. If you can take more risk then you can get higher returns also.

Once you start investing through SIPs, you don't need to transfer the amount manually. The SIP amount gets deducted automatically.

Are you planning for retirement and want to accumulate a Rs 15 crore fund? Then start doing a SIP as soon as possible and fix your financial goals to achieve till retirement.

For example, if you start an SIP of Rs 8,500 every month, you can accumulate a Rs 15 crore fund at retirement.

If you start a SIP of Rs 8,500 every month at 25, and increase this amount by 10 per cent every year (step-up SIP) with an expected return of 12 per cent annually, then you can easily achieve your financial goal of Rs 15 crore at retirement.

To achieve this financial goal, you will have to invest continuously for 35 years.

Disclaimer: Investing in mutual funds is subject to market risks. Consult your advisor before making any investment.