SIP Calculation: Nowadays, everyone is thinking about investing. If you’re young and considering investing, this news could be special for you. Today, there are savings options where you can start investing with very little and build a corpus worth lakhs. In this article, we’re going to tell you about an investment option where you can start investing with just the price of a coffee or a movie ticket. That means, with just ₹250, you can accumulate a corpus worth approximately ₹7.6 million.
You might be wondering how you can build a corpus worth ₹7.6 million with just ₹250. Yes, by investing ₹250 every month through a mutual fund SIP, you can generate crores of rupees from your savings over the long term. Let’s understand the calculation.
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What is a SIP? How does it work?
Systematic Investment Plans (SIPs) allow you to invest a fixed amount every month. This earns interest on interest. If you invest regularly in a fund with a 16% annual return and withdraw the money over a long period, a small amount can become a large sum.
How to Build a Big Fund from a Small Amount
The real power lies in long-term investments. If you deposit ₹250 for 40 years, your total investment becomes ₹1.2 lakh, but with a 16% return, this amount can grow to ₹76 lakh. This means that the earlier you start investing, the greater your returns.
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No Problems After Retirement
If you give up eating out or drinking coffee once a month, that ₹250 can be used for your retirement fund or your children’s education. The most important thing in SIPs is consistent investment and time. Even if the amount is small, regular investment can make you wealthy.
