SIP have the power to make an ordinary person a crorepati in 15 Years
SIP takes advantage of the power of compounding, which reinvests the returns generated on your investments.
SIP as a Wealth-Building Tool: SIP is a systematic way to invest money in mutual funds, known for its ability to generate long-term wealth.
Rising Cost of Living: With the ever-increasing cost of living, planning for the future and securing one's retirement has become a necessity.
Compound Interest: SIP harnesses the power of compound interest, meaning that your invested money earns interest, and that interest, in turn, earns more interest, allowing wealth to grow faster over time.
12% Average Returns: On average, SIPs offer an annual return of around 12%, which is often higher than returns from other investment schemes.
Calculation of 1 Crore in 15 Years: It's possible to accumulate 1 crore in 15 years through SIP investments.
Example Investment: If you invest 20,000 rupees monthly at a 12% return rate, in 15 years, you'll have invested a total of 36 lakhs. The returns earned on this investment would amount to 64,91,520 rupees.
Total Maturity Amount: This means your maturity amount would be 1,00,91,520 rupees.
Long-Term Perspective: SIP is effective when viewed as a long-term investment strategy, allowing the power of compounding to work its magic.
Risk Mitigation: SIP also helps mitigate the risk associated with timing the market, as you invest a fixed amount at regular intervals, regardless of market fluctuations.
Financial Discipline: SIP encourages financial discipline by making regular investments, ensuring that you save and invest a portion of your income consistently.