Rs 100 saving makes you Rich
SIP Plan: For example, a Systematic Investment Plan (SIP) of just ₹100 every day can, depending on the power of compounding, build a corpus of ₹100 crore. Let’s understand how these small savings can make you rich…
If you’re planning to build a substantial corpus, you can start with a daily SIP of just ₹100. Compared to other investment options, SIP investing offers the benefit of compounding, meaning you earn interest on your interest.
If you invest ₹100 daily, or approximately ₹3,000 per month, in a SIP and earn an average annual return of 12%, and continue this investment for 30 years, you can reach a corpus of ₹1 crore.
However, this requires a relentless investment journey. According to calculations, your total investment over 30 years will be ₹18 lakh, which could yield an estimated return of approximately ₹15,849,569. This means your total corpus could grow to approximately ₹17,649,569.
