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Power of Compounding: How quickly you can build Rs 8 crore corpus with just Rs 7,000, Rs 11,000 or Rs 16,000 monthly investments
- Written by Anamika Singh
Published: Zee Business| Updated: Zee Business
Saving money is a great habit to get into, no matter how small the amount. Even Rs 7,000 a month can add to a huge sum over time. With a Systematic Investment Plan (SIP), you can turn your small investment into a massive corpus. Here, we will talk about how investing Rs 7,000 to Rs 16,000 a month can help you build a huge corpus of Rs 8 crore.
Photos source: Pixabay/Representational
(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
1/10
What is SIP
1/10A systematic investment plan is a disciplined investment approach where you invest a fixed amount of money at regular intervals.
2/10
Why Choose SIP?
2/10It is beginner-friendly Encourages disciplined investing Encourages long-term financial goal planning
3/10
What is minimum amount to start SIP
3/10You can start investing in SIP with a small amount of Rs 100.
4/10
SIP calculation conditions
4/10Target corpus: Rs 8 crore Monthly investments: Rs 7,000, Rs 11,000, Rs 16,000 Annualised return: 12 per cent
5/10
How long it will take to build Rs 8 crore corpus with Rs 7,000 monthly SIP
5/10It will approximately take 40 years to build Rs 8 crore corpus.
6/10
How long it will take to build Rs 8 crore corpus with Rs 11,000 monthly SIP
6/10It will approximately take 36 years to build Rs 8 crore corpus.
7/10
How long it will take to build Rs 8 crore corpus with Rs 16,000 monthly SIP
7/10It will approximately take 33 years to build Rs 8 crore corpus.
8/10
From Rs 7,000 monthly SIP to Rs 8 crore corpus
8/10The investment amount will be Rs 33,60,000, the estimated capital gains will be Rs 7,98,16,942, and the estimated retirement corpus will be Rs 8,31,76,942.
9/10
From Rs 11,000 monthly SIP to Rs 8 crore corpus
9/10The investment amount will be Rs 47,52,000, the estimated capital gains will be Rs 7,58,98,252, and the estimated retirement corpus will be Rs 8,06,50,252.
10/10
From Rs 16,000 monthly SIP to Rs 8 crore corpus
10/10The investment amount will be Rs 63,36,000, the estimated capital gains will be Rs 7,51,67,969, and the estimated retirement corpus will be Rs 8,15,03,969.
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