How long will it take to become a crorepati with ₹1,000, ₹2,000, ₹3,000 & ₹5,000 SIPs?
With an annual step-up of 10% and a return rate of 12%, it will take 31 years to cross the goal of ₹1 crore if a person invests ₹1,000/month in SIP. However, if a person invests ₹2,000, ₹3,000 and ₹5,000 per month under the same conditions, it will take 27 years, 24 years and 21 years, respectively.