What It Means
SIP is a convenient and practical way to invest money in mutual funds. Its all about the magic of compounding where money grows exponentially.
The longer you invest, the more you get.
How it Benefits You
Thanks to the magic of SIP, if you invest only Rs 5,000 every month for 10 years – which totals Rs 6 lakhs – it actually yields a corpus of Rs 11.61 lakhs*.
Want to be a crorepati? Then invest Rs 5,000 for a total of 30 years – which amounts to Rs 18 lakhs – and you end up with a corpus of Rs 1.76 crores*. (*Assuming a CAGR of 12 percent).
Welcome to the road to freedom.
By starting only five years ahead, Meera saves double of Maya’s wealth.