Can a Rs.2,000 monthly SIP really make you a crorepati? Let's do the maths
New Delhi, July 17 -- For many Indians, becoming a crorepati appears to be an ambitious dream reserved for those with high salaries, successful businesses or exceptional luck. In reality, disciplined investing can also pave the way to long-term wealth creation.
Investing just Rs.2,000 every month-an amount many people spend on leisure activities or eating out-can potentially grow into a corpus of more than Rs.1 crore. However, achieving this milestone comes with one major requirement: time.
Before focusing on the impressive end figure, investors should understand two important realities. First, systematic investment plans (SIPs) reward patience. Building a Rs.1 crore corpus generally takes between 25 and 35 years of uninterrupted invest...
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