For now, let’s decode how many years it can take to build a sizeable corpus of Rs 2 crore with Rs 7000 monthly investment in a systematic investment plan. Also, the investment amount shouldn’t be a concern. Many believe a small sum is not enough for investment purposes. If that’s the case, then why do…
Retirement Corpus Planning:Â Power of compounding provides great reward to an investor who believes in the importance of long-term investment. Investors who enter with a large amount but lack patience and quit the investment race early get little benefit of compounding, but those who make investments for a long time often gather a large corpus with…
Here’s an example to help you figure out how you can benefit from compounding by starting early and staying consistent. Suppose two friends, Jyoti and Shikha, start investing. Jyoti started investing Rs 5,000/month at age 25 and continued till age 45 (20 years). Total Investment: Rs 12,00,000Maturity Amount (at 12 per cent annual return): Estimated Rs…
Many people mistakenly view SIPs as either mutual funds or distinct from them. However, the fact is that a SIP (Systematic Investment Plan) is simply an investment approach, not a fund. It’s a vehicle that allows you to invest periodically in a mutual fund or scheme of your choice. It allows investors to direct their money…
Can investing just Rs 13,000 every month through a SIP make you a crorepati? The answer is yes. If you stay patient, consistent, and allow time to work its magic, your small monthly investments can grow into a massive Rs 10 crore corpus—without the need to increase your SIP amount. Let’s explore how the journey…
A lump sum investment involves putting a large sum of money to work at once, allowing you to capitalise on market opportunities quickly and benefit from potential growth without delay. This approach is simple and efficient, with a single transaction completing the investment. Let’s see how fast an Rs 8 lakh lump sum investment can…