How can a person build a ₹11 crore corpus starting with ₹10,000/month SIP?
A person needs to start investing with a ₹10,000/month SIP at an expected 12% per annum rate of return and has to increase the contribution by 10% every year. After 32 years, the total invested amount would be ₹2.41 crore. while the estimated returns would amount to ₹9.30 crore. The total corpus after 32 years will be around ₹11.71 crores.