crorepati kaise bane | Investment Tips: Invest in SIP of Rs 15000 every month, by the time you retire will have 20 crore rupees, Invest in SIP of Rs 15000 every month, by the time you retire you will have 20 crore rupees

As the cost of living is increasing, people are looking for ways to accumulate more and more money so that they do not face any kind of trouble in living the retirement life. There was a time when depositing Rs 80 lakh to Rs 1 crore was considered more than enough for a middle class person to ensure that their life after retirement is financially stable. However, one needs a lot nowadays to ensure that they are able to maintain their lifestyle even after they retire. Investing in debt instruments will not help you accumulate a large retirement corpus.

When it comes to retirement planning or long-term investing, the smart investor will accumulate more money with the investment options available. For example, investing in mutual funds in monthly SIP (Systematic Investment Plan) mode is a good option for investors. To get good results with this type of investment, it is necessary to be consistent, disciplined. It is also important that you increase your SIP amount along with your annual income growth.

If one starts in the right way and early, then they can easily accumulate a corpus of up to Rs 20 crores. If an investor starts investing in mutual funds through SIP from the age of 25 and continues till the age of 60, then he will be able to invest for 35 years. In this long investment period, the investor will be able to get compound benefits.

Additionally, if they increase their SIP amount annually, it will help the investor to maximize the compounding benefits and accumulate a large retirement corpus even though he starts with a small monthly investment. According to experts, one can expect around 11 to 16% returns on one’s SIP for a long period of 35 years.

How much to invest to deposit 20 crores?

For example, if you are 25 years old and you start investing in mutual funds with a monthly SIP of Rs 15,000, assuming 11% p.a. return with 10% annual step-up, you can deposit Rs 20.83 crore. will do. The time when you are 60. In step-up SIP, you can start with a small amount of SIP initially and then increase the SIP amount by a fixed percentage or a fixed amount every year to get the target amount.

The annual step-up in your SIP gives you the power to become rich when you retire. In the above scenario, if you do not increase your monthly SIP amount by 10% annually, you would have managed to accumulate around Rs.7.4 crore. However, the annual step-up will help you cross Rs 20 crore.

According to experts, diversified large-cap mutual funds, multicap funds, which have the potential to generate annual returns of 12-15% over a long period of time, can be included in your portfolio to build a sizable retirement corpus. If you are looking for a retirement corpus of Rs 20 crore by the age of 60 years, then there is no other option than direct equity or equity mutual funds, which can give 12-15% returns over an investment tenure of 20 years.