From Rs 15,000 monthly SIP to Rs 10 crore retirement corpus; how is it achievable?
How to build Rs 10 crore retirement corpus: When we talk about investment, time matters a lot. If you don't have a large amount to invest and want to invest it monthly in a scheme, the duration of the investment can do wonders. E.g., if you invest Rs 5,000 through a systematic investment plan (SIP) and get 12 per cent growth on it every year, in 5 years, your investment will be Rs 300,000, and the expected amount will be Rs 4,05,518, but if you get the same annualised growth for 20 years, your investment will be just Rs 12,00,000, but your expected amount will be Rs 45,99,287, nearly four times of the principal amount. Keeping time and steady growth in mind, is it possible to build a Rs 10 crore corpus by investing Rs 15,000 monthly through SIP in a mutual fund(s). Know it through our projections-
Photos: Unplash/Pixabay
(Disclaimer: This calculation is for education purpose only. This is not investment advice. Do your due diligence or consult an expert before investing.)
SIP investment conditions
![SIP investment conditions SIP investment conditions](https://cdn.zeebiz.com/sites/default/files/2024/08/22/313530-indian-rupee-unsplash.jpg)
Years to reach Rs 10 crore corpus through 12 per cent SIP returns
![Years to reach Rs 10 crore corpus through 12 per cent SIP returns Years to reach Rs 10 crore corpus through 12 per cent SIP returns](https://cdn.zeebiz.com/sites/default/files/2024/08/22/313531-coin-pixabay-take.jpg)
Years to reach Rs 10 crore corpus through 12 per cent SIP returns
![Years to reach Rs 10 crore corpus through 12 per cent SIP returns Years to reach Rs 10 crore corpus through 12 per cent SIP returns](https://cdn.zeebiz.com/sites/default/files/2024/08/22/313532-coin-unsplash-take-1.jpg)
Years to reach Rs 10 crore corpus through 13 per cent SIP returns
![Years to reach Rs 10 crore corpus through 13 per cent SIP returns Years to reach Rs 10 crore corpus through 13 per cent SIP returns](https://cdn.zeebiz.com/sites/default/files/2024/08/22/313533-coin-unsplash-take-2.jpg)
Years to reach Rs 10 crore corpus through 13 per cent SIP returns
![Years to reach Rs 10 crore corpus through 13 per cent SIP returns Years to reach Rs 10 crore corpus through 13 per cent SIP returns](https://cdn.zeebiz.com/sites/default/files/2024/08/22/313534-indian-currency-take-unsplash.jpg)
Years to reach Rs 10 crore corpus through 14 per cent SIP returns
![Years to reach Rs 10 crore corpus through 14 per cent SIP returns Years to reach Rs 10 crore corpus through 14 per cent SIP returns](https://cdn.zeebiz.com/sites/default/files/2024/08/22/313535-currency-500-pixabay-new.jpg)
Years to reach Rs 10 crore corpus through 14 per cent SIP returns
![Years to reach Rs 10 crore corpus through 14 per cent SIP returns Years to reach Rs 10 crore corpus through 14 per cent SIP returns](https://cdn.zeebiz.com/sites/default/files/2024/08/22/313536-currency-notes-new.jpg)
Years to reach Rs 10 crore corpus through 15 per cent SIP returns
![Years to reach Rs 10 crore corpus through 15 per cent SIP returns Years to reach Rs 10 crore corpus through 15 per cent SIP returns](https://cdn.zeebiz.com/sites/default/files/2024/08/22/313538-investment-growth-pixabay.jpg)
Years to reach Rs 10 crore corpus through 15 per cent SIP returns
![Years to reach Rs 10 crore corpus through 15 per cent SIP returns Years to reach Rs 10 crore corpus through 15 per cent SIP returns](https://cdn.zeebiz.com/sites/default/files/2024/08/22/313539-note-coin-pixabay-take-2.jpg)