How can 5000 SIP can make you a Crorepati
If I take a survey of 100 people today. 100 out of 100 would have a dream of becoming a Crorepati.
Yes, you can become a Crorepati or I would name it “SIP Crorepati”
Mutual funds in India is the easiest & most reliable mode of investments for retail investors.
Before I go ahead, lets have a look at the Sensex returns in the past
- 18% in the last 5 years
- 19% in the last 10 years
- 18% in the last 31 years since inception
If you are not believing in the stats given, Sensex was at 3937 on 1 jan 2001 & 1024 on 1 Jan, 1991 & 100 in 1979 that is inception.
Now we can take a conclusion out of the past data that, Sensex has delivered 18-19% returns in the past.
Now if you plan your investmensts systematically & go for a
- SIP for Rs 5000 monthly
- For 10 years
- Stop your Investments in SIP after 10 years
- Let it grow for 25 years till retirement
These can the results after
12 years- 25 Lakhs
20 Years- 1.05 Crores
25 Years- 2.8 Crores
by assuming a rate of return of only 19% per annum which Sensex has delivered in the past.
And very importantly, you may end up getting a interest income of Rs 2 Lakhs every month out of 2.8 Crores & that 2.8 Crores would remain as a Investment with you forever.
The figures above mentioned are true & you can check this by downloading wealth calculator from the internet
Mayank Gupta MBA Finance, CRISIL
Tags; Crorepati sip investment, sip investment , sip mutual fund, sip investment plan
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