SIP Investment: Can 3K investment help you generate Rs 1 cr retirement corpus? Know calculations
SIP Investment: Saving and investing are important things, no matter how meagre your monthly earnings are. Even if you can save Rs 2,000 a month and invest it in some investment scheme, in the long term, you can build a significant retirement corpus. A Systematic Investment Plan (SIP) in mutual fund is a popular option that may help investors build a sizeable retirement corpus. Even if one gets 12 per cent annualised returns in SIPs, their return in the long run can help them generate a Rs 1 crore corpus. Know how is it possible?
Even with a Rs 3,000 monthly SIP, achieving a corpus of above Rs 1 crore is quite a possibility. Photo: Pixabay/Representational