Economic TimesLean R·
Want Rs 10 crore for retirement in 20 years? How much you should SIP every month
Building a Rs 10 crore retirement fund in twenty years demands early and consistent monthly investments. An investor can start with Rs 53,700 monthly and increase contributions by ten percent annually. Factoring in inflation requires a higher starting SIP of Rs 85,000 with annual increases. Equity mutual funds, particularly flexi-cap and mid-cap, are recommended for aggressive investors. Consistent investing over two decades is the most crucial factor for reaching financial goals.
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