How much could ₹4.49 lakh spent on the iPhone Duo grow if invested instead?

Apple’s iPhone Duo 2TB costs ₹4.49 lakh in India, making it a luxury purchase. Investing the same amount could potentially build significant wealth over time. At an assumed 11% CAGR, a lump-sum investment could grow to ₹12.7 lakh in 10 years, ₹21.5 lakh in 15 years and ₹36.2 lakh in 20 years.