How to Build ₹1 Crore from SIP : if you are dreaming of becoming a millionaire in the future by saving a little every month, then today’s article is very special for you. We are talking about SIP i.e. Systematic Investment Plan, which has become the most reliable investment method for people of every class from poor to rich in today’s time.
How to Build ₹1 Crore from SIP
By investing a fixed amount every month in SIP ( Systematic Investment Plan ) , you get tremendous benefit of compounding. Today we will tell you in how many years a fund of 1 crore or more can be prepared from SIP of ₹ 5,000, ₹ 10,000 and ₹ 15,000 – that too at an estimated annual return of 14%.
How much will you get from SIP of ₹ 5,000?
If you invest ₹5,000 every month and continue it for the entire 24 years, then you will have to invest a total of about ₹14.40 lakh. During this time, through compounding, you can get interest of about ₹87.86 lakh, which will make your total amount on maturity around ₹1,02,26,967.
This means that you can become a millionaire even with a SIP of just ₹5,000, the only condition is that you maintain the investment for a long period.
Invest ₹10,000 Per Month in SIP
If you do a SIP ( Systematic Investment Plan ) of ₹10,000 every month and continue it for 19 years, then the total investment will be ₹22.80 lakh. At an estimated 14% return on this investment, you will get more than ₹ 79 lakh interest and the total fund will reach ₹ 1,01,80,547. Increasing the amount of SIP is a smart way to get big returns in a short time.
How to Build ₹1 Crore from SIP of ₹15,000
If you invest ₹ 15,000 every month and continue it for 17 years, then your total investment will be ₹ 30.60 lakh. You will get interest of about ₹ 83.71 lakh on this and the total maturity value can go up to ₹ 1,14,31,974. That is, here you can create a fund of more than 1 crore in just 17 years, and that too without taking any big risk.
Why is Systematic Investment Plan the best investment?
The biggest advantage of investing in SIP is the magic of compounding and the habit of disciplined savings. When you invest a fixed amount every month, that amount gradually increases and becomes a big fund in the long run.
In SIP ( Systematic Investment Plan ) , you do not have to fear the ups and downs of the stock market because you invest every month, which gives the benefit of average pricing.
Start SIP Today to Become a Crorepati
If you also start a SIP of ₹ 5,000, ₹ 10,000 or ₹ 15,000 every month and continue it for a long time, then you can easily become a millionaire. SIP is an easy, safe and highly beneficial way of investing for the long term. So friends, if you have not started SIP yet, then do not delay. Start SIP ( Systematic Investment Plan ) in a good mutual fund today and gradually build the fund of your dreams.
