Power of Compounding: How soon will monthly SIP of Rs 11,000 reach Rs 8 crore corpus target?
Discover how soon will a monthly SIP of Rs 11,000 reach Rs 8 crore corpus target with the power of compounding and disciplined financial planning.
What is SIP?
SIP (Systematic Investment Plan) allows investors to invest a fixed amount regularly in mutual funds, making investing simple and accessible.
How SIP works?
SIP investments can be done at regular intervals—daily, weekly, monthly, quarterly, half-yearly, or yearly—based on the investor's financial capacity.
Start early for better returns
Starting early helps investors achieve their financial goals on time, benefiting from the power of compounding.
The power of compounding
Compounding enables your investment to grow exponentially over time, making long-term financial goals easier to achieve.
Key benefits of compounding
Faster Growth: Investments grow quicker due to the compound interest.
Reduced risk
Consistent investment reduces the impact of market volatility.
Encourages long-term planning
Compounding motivates long-term savings strategies.
Disciplined approach to investing
Regular and consistent contributions to SIP can build a large retirement corpus, utilizing the power of compounding effectively.
Monthly SIP investment of Rs 11,000
- Invested Amount: Rs 47,52,000
- Invested Return: Rs 7,58,98,252
- Total Value: Rs 8,06,50,252
How Soon Will a Monthly SIP of Rs 11,000 Reach Rs 8 Crore?
An SIP of Rs 11,000 will take approximately 36 years to reach the Rs 8 crore corpus target.