A SIP of Rs 1000 per month can create a total corpus of Rs 30.80 lakh at a 12% annual return over 30 years, while a SIP of Rs 2000 per month can create a corpus of Rs 61.61 lakh.
This means that the return on investment is double. Starting a SIP from the age of 30 till retirement can generate a corpus of more than 60 lakhs, earning ₹42,500 per month at 8.5% interest in FDs. The biggest secret is to start early.