If you have a SIP of Rs. 10,000 for a period of 35 years, that amount growing at 12% p.a will grow to Rs. 5,17,99,620.
₹5 cr plus.
Now just increase the SIP amount by 10% a year. This grows to Rs. 14,81,83,096. Which is almost 3 times the amount, ₹14cr plus.
₹5 cr plus.
Now just increase the SIP amount by 10% a year. This grows to Rs. 14,81,83,096. Which is almost 3 times the amount, ₹14cr plus.
This is the power of #compounding. Build the habit of regular early equity investing, first pay the SIP then spend. You do not need to know fancy technical or fundamental analysis, no need to time markets and get anxious. By the time you retire, your corpus will be ready.
Any decent mutual funds will give atleast 12% or more returns. I will recommend one each from multicap, midcap and smallcap.
#personalfinance
#personalfinance
Before you spend ₹ 30 lacs on a fancy suv which will sit idle 90-95% of time, think of earning compounded returns on that much money and the opportunity cost.
Shower you love on SIP. Take EMI only for your home or professional work place.
Please read flexicap instead of multicap.
sipcalculator.net
Try this putting the original figure of Rs. 10000 for 12% return for 35 years
Try this putting the original figure of Rs. 10000 for 12% return for 35 years
The initial years will not reflect much. The powerful effects of compounding kick in the later parts of the years.
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