How your Rs 500 Investment can Grow into Rs 35 Lakh

How your Rs 500 Investment can Grow into Rs 35 Lakh

To accumulate Rs 35 lakh through SIP, consider investing Rs 500 Monthly.

Your monthly SIP deposit should be Rs 500, resulting in an annual deposit of Rs 6000.

Sustain this investment strategy for 30 years to build a substantial corpus.

By the end of the 35-year period, your total investment would amount to ₹ 1,80,000.

Assuming a 15% interest rate, your SIP could yield a return of ₹ 33,24,910 after 35 years.

Combining the invested amount and returns, your total corpus could reach ₹ 35,04,910.

Consistency in Monthly deposits and long-term commitment are key factors for SIP success.

Calculate your investment horizon and risk tolerance before embarking on a SIP journey.

Regularly monitor market trends to make informed decisions and optimize SIP returns.

Consult with financial experts to tailor your SIP strategy based on your financial goals and market conditions.


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