Compounding interest benefits: How much do you need to invest in monthly SIP to accumulate Rs 10 crore retirement corpus if started investing at 21? Calculations inside
SIP has so many benefits. Among all, 'compounding interest' is the most beneficial which helps grow your money. The other benefits are rupee cost averaging, convenient investing method, cost-effectiveness, and others.
ZeeBiz WebTeam | Sep 06, 2024, 06:45 PM IST
Mutual fund investors use a systematic investment plan (SIP) to invest a set amount of money in mutual funds regularly. The most used SIP is the monthly SIP, which invests a certain amount in your preferred mutual fund on a specified day each month.
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SIP benefits
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Is SIP a good or long-term financial goal?
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SIP: Minimum and maximum investment
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SIP: Tax benefits
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Compounding interest in SIP
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SIP investment: Factors to consider before starting SIP investment
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Invest this much in SIP to accumulate Rs 10 crore retirement corpus
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Compounding interest: Here's how to make a corpus of Rs 10 crore at retirement
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