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News Topical, Digital Desk : Can you become a millionaire by investing just ₹5,000 per month? It may sound like a pipe dream, but financial expert Advait Arora's strategy proves it's possible. He says that with the right timing, patience, and the power of compounding, even a small investment can turn into a substantial sum. This formula is especially suitable for those who want to build a strong corpus for long-term retirement.
What will the fund become at 12% return?
If the investment earns an average annual return of 12%, a monthly SIP of Rs 5,000 will become approximately Rs 14.8 lakh in 15 years. If this amount is allowed to grow for another 15 years, the total corpus could reach approximately Rs 1.30 crore. This means that an investment of Rs 9 lakh could exceed a crore.
Amazing returns of 13% and 14%
At an average return of 13%, this amount could reach approximately ₹25.93 lakh in 15 years. The same fund could grow to over ₹1.62 crore in the next 15 years. At a 14% annual return, the corpus could reach ₹28.26 lakh after 15 years. And if it continues to grow for another 15 years, the total fund could reach approximately ₹2.02 crore. This is the true power of compounding.
What is SIP and why is it beneficial?
SIP, or Systematic Investment Plan, is a disciplined investment method in which investors invest a fixed amount each month in mutual funds. This offsets the impact of market fluctuations and increases the likelihood of achieving better returns over the long term. For small investors, SIP is a simple and effective way to gradually build a large corpus.
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