Boosting your monthly SIP by ₹1,000: How it impacts your long-term savings
According to an NDTV Profit report, raising your monthly SIP contribution by just ₹1,000 can lead to a substantial growth in your total wealth. For instance, if you invest ₹5,000 monthly in an SIP over a 20-year period with an estimated annual return of 12%, your final corpus would reach approximately ₹45,99,287. By opting to increase that monthly SIP amount by ₹1,000, your total savings could grow to ₹55,19,144.
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