Investment Planning: How Rs 5 lakh one-time investment and 5% SIP step-up can add Rs 3.10 crore to your retirement fund
Investment Planning: Let’s assume you have 3 investments to make—a Rs 10,000 monthly SIP; an additional Rs 5 lakh one-time investment to SIP; and stepping up the Rs 10,000 SIP by 5 per cent yearly along with the Rs 5 lakh upfront investment, all 3 for 30 years. The first option is the easiest and…