SIP Magic: Invest Rs 7,000 Monthly to Reach Rs 40 Lakh Goal
Business
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News18•19-01-2026, 16:52
SIP Magic: Invest Rs 7,000 Monthly to Reach Rs 40 Lakh Goal
- •Systematic Investment Plans (SIPs) are gaining popularity, with Rs 13,041 crore invested in October 2022.
- •SIPs allow investors to build a large fund through small monthly installments, leveraging the power of compounding.
- •Investing Rs 7,000 monthly for 15 years at a 15% annual return can yield approximately Rs 43.14 lakh.
- •With a 12% annual return, the same investment of Rs 7,000 monthly for 15 years would accumulate around Rs 33.31 lakh.
- •Patience is crucial for SIP investments, as the benefits of compounding are realized over at least 5-10 years.
Why It Matters: Consistent SIP investments of Rs 7,000 monthly can generate over Rs 40 lakh in 15 years with good returns.
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