Section

MF Query: How to turn Rs 10,000 monthly SIPs into a Rs 5 crore retirement fund

By Economic Times - 2 weeks ago
With a monthly SIP of Rs 10,000 and an assumed 12% return, it would take around 33 years to build a corpus of Rs 5 crore. However, if the SIP is increased by 10% annually, achieving the same Rs 5 crore target would take approximately 26 years, assuming the same return.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.