SIP Investment: To accumulate Rs 10 crore through SIP in 25 years, you have to keep in mind 2 most important things. First, how much return are you getting and second, how much money are you investing every month.
Your investment depends on these 2 main things
To accumulate Rs 10 crore through SIP in 25 years, you have to keep in mind 2 most important things. First, how much return are you getting and second, how much money are you investing every month.
10 Years of step-up will work
If you have 25 years of time and you want to make an amount bigger than Rs 10 crore, then you can also take the help of step-up. If you start SIP with Rs 24,000 and do a step-up of 10 percent every year, that is, you increase your SIP amount by 10 percent every year, on which you get an average estimated return of 12 percent every year, then in 25 years you can create a corpus of Rs 10.11 crore.
If you get a return of 15 percent, you will have fun
If you get an average estimated return of 15 percent every year during 25 years of investment, then you will have to start SIP with Rs 23,000 and do a step-up of 5 percent every year. With this investment strategy, you can create a corpus of Rs 10.31 crore in 25 years.
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You have to take special care of these things
Here you have to keep in mind that to achieve your goal, you have to continue SIP without stopping and keep doing step-ups with full discipline. If you make a mistake anywhere then it might take you more time to achieve your goal.
(Mutual funds are subject to market risks. Consult experts before making any investment.)
