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How long will it take for ₹2000, ₹3000 & ₹5000 monthly SIP to turn into ₹1 crore?
A monthly SIP of ₹2000 into a mutual fund will take 30 years to accumulate a corpus of just over ₹1 crore, assuming a 14% CAGR (compound annual growth rate), analysis by Financial Express showed. Similarly, a ₹3000 monthly SIP will take 27 years and a ₹5000 SIP will take 23 years to turn the investment amount into ₹1 crore.
read more at Financial Express