Unlock Wealth: ₹20 Lakh to ₹62 Lakh in 10 Years with Smart SIP Investment
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News18•22-01-2026, 22:56
Unlock Wealth: ₹20 Lakh to ₹62 Lakh in 10 Years with Smart SIP Investment
- •A lump sum investment of ₹20 lakh can grow to ₹62.11 lakh in 10 years, assuming a 12% annual return in a mutual fund, demonstrating the power of compounding.
- •Financial experts emphasize that time in the market is more crucial than timing the market; long-term investment helps withstand fluctuations and build wealth.
- •Patience, discipline, and proper asset allocation are essential for long-term wealth creation, especially during market uncertainties.
- •Equity-oriented mutual funds are suitable for long-term goals and have historically offered better returns than gold and fixed deposits.
- •Extending the investment to 20 years can turn the initial ₹20 lakh into approximately ₹1.93 crore, highlighting the exponential growth potential of compounding.
Why It Matters: Long-term, disciplined lump sum investments in mutual funds can significantly multiply wealth through compounding.
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