Compounding benefit: How to become crorepati even if you get Rs 20,000 monthly salary?
SIP benefits through disciplined investing and the small amount can help you gain sizable corpus if you remain invested.
For wealth accumulation and building, you need to be a disciplined investor and this can be easily ensured via the SIP asset. The investment instrument comes with its own advantage of compounding coupled with cost-averaging benefits.
SIP investment involving just 15% of your monthly salary
Rs 3,000 SIP started on a monthly basis will help you reach your bigger financial goal.
Expecting an annual gain of 12 per cent
The dedicated investment in the SIP can help you attain a corpus of over Rs 1 crore in 30 years.
The tenure is long but worth creating a substantial corpus
With an initial investment of Rs 10.8 lakh spanning across 30 yeas, the investment would fetch a return of approximately Rs 95.09 lakhs.
This way the bare minimum investment of Rs 3000 per month
This way the bare minimum investment of Rs 3000 per month would turn into a sizable corpus of Rs 1,05,89,741.