Timeline for accumulating every ₹50 lakh via a ₹30,000 monthly SIP at 12% returns
According to a Moneycontrol report, if you invest ₹30,000 monthly with an annual return of 12%, it will take eight years and three months to reach your initial ₹50 lakh. The subsequent ₹50 lakh milestone is achieved in just over four years, and the third one takes approximately three years. Increasing your corpus from ₹1.5 crore to ₹2 crore requires about two years, and the following ₹50 lakh is added in 20 months.
by shortkt.com✓