Do you want to invest Rs 5000 per month ?
Start a SIP in Equity Mutual Funds. Over the next 5 to 20 years you can create significant wealth.
Here is how much your money can grow at the rate of ~15% per annum if you invest Rs 5000 per month.
- After year 5, you can have: Rs 4.7 lakhs
- After year 8. you can have: Rs 9.4 lakhs( Your money doubles in year 8)
If you continue doing this, you can have the following amounts in:
- Year 10: Rs 14 lakhs
- Year 15: Rs 33 lakhs
- Year 20: Rs 71 lakhs
- Year 25: Rs 1.47 CRORES
- Year 30: Rs 3 CRORES
- Year 35: Rs 6.1 CRORES
Imagine if you are a 25 year old who starts investing Rs 5000 and continue to do it till you retire at the age of 60 – Your small saving per month can grow from Rs 21 lakhs (5000 x 12 months x 35 years = Rs 21 lakhs) to Rs 6 crores.
That’s the magic of compounding and investing in the Equity asset class on a regular basis.
Note: The 15% return is an assumption and not guaranteed. Your money could grow more/less if returns are higher or lower.