Do you want to invest Rs 50,000 per month ?
Start a SIP in Equity Mutual Funds. Over the next 5 to 10 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 50,000 per month.
- After year 5, you can have: Rs 46 lakhs
- After year 8. you can have: Rs 95 lakhs( Your money doubles in year 8)
If you continue doing this, you can have the following amounts in:
- Year 10: Rs 1.4 CRORES
- Year 15: Rs 3.3 CRORES
- Year 20: Rs 7 CRORES
- Year 25: Rs 14.6 CRORES
- Year 30: Rs 29.9 CRORES
- Year 35: Rs 60 CRORES
Imagine if you are a 25 year old who starts investing Rs 50,000 and continues to do it till you retire at the age of 60 – Your savings per month can grow from Rs 210 lakhs (50000 x 12 months x 35 years = Rs 210 lakhs) to Rs 60 crores over 35 years
That’s the magic of compounding and investing in the Equity asset class on a regular basis over a long term period.
Note: The 15% return is an assumption and not guaranteed. Your money could grow more/less if returns are higher or lower.