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…
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…
Compounding in investment plays an important role in growing your wealth in the long run. It prepares you for a better tomorrow, irrespective of your investment amount. Even if you invest a small amount, your money will grow over time with the help of the power of compounding. The key to benefiting from compounding is…
A monthly SIP of Rs 13,000 can help you create a retirement corpus of Rs 9 crore—no windfalls, no lottery tickets, just consistent investing and the magic of compounding. This strategy shows how small, regular investments can grow into massive wealth when given enough time and discipline. Can Rs 13,000 a Month Make You a…
A systematic investment plan, which is popularly known as SIP, is a method through which you can invest a fixed amount in mutual funds of your choice regularly. Generally, the investment can be done daily, weekly, monthly, quarterly, or yearly. In SIP, some of the mutual funds also allow investors to start investing with a…
The power of compounding helps your money grow over time, making early starts important in achieving financial goals with lesser monthly investments. Let’s explore how investing in a Systematic Investment Plan (SIP) can help you build a substantial corpus over time. We will calculate how much you need to invest monthly to reach your goal…