SIP: SIP ie Systematic Investment Plan is considered a good return option for investment today. But has it ever thought that what is your right age to invest in the SIP which you consider to be good for investment. Yes, the sooner you start investing in SIP, the more benefit in the future. So we will know what is the right age to start SIP and how small investment will create a strong fund.

Investment in SIP

If you also want to make the future tension free by stepping into the world of investment, then SIP i.e. Systematic Investment Plan is going to be the best option for you. Yes, SIP is very much liked among the people for investing. Investing in SIP may be full of risk but you can make big funds in a long period by investing a little amount. But ever thought what is the right age of investment in SIP.

More benefits on early start

The benefit in SIP gets more only when it is invested for a long time. So this is the reason that the right age to invest in it becomes when you start earning. Usually, people start earning at the age of 21 to 25 years and this age can also be considered best for SIPs. In fact, this age has less financial responsibility, due to which it can be right to invest in SIP.

SIP Magic

Investors can see the magic of SIP. Actually, the biggest benefit of SIP is considered to be compounding. This is a formula of SIP which has the power to multiply your money rapidly over time. This is the reason that the sooner you start investing in it, the more benefit you will get.

Investment at the age of 25

Suppose if you are 25 years old, then you can easily start monthly SIP ₹ 2,000. Continue this ₹ 2,000 SIP again for 30 years, in which the estimated return will get about 12%. That is, a small investment of ₹ 2,000 will be converted into 30 years and strong funds. After 30 years, the total value fund will be ₹ 61,61,946 at the age of 55.

Investment at 35 and 45 age

Now if you start investing this ₹ 2,000 from the age of 35, then the time of investment will be 20 years. In which 12 percent total value will be ₹ 18,39,715. If you start at the age of 45, then the investment duration will be 10 years, in which the total value fund will be ₹ 4,48,072.