Starting a Systematic Investment Plan (SIP) early in your career can help you build a substantial retirement corpus.
If you’re 25, investing just Rs 2,000 monthly for 35 years can grow your savings to nearly Rs 1.3 crore, thanks to the power of compounding and a 12% return rate. At 30, a Rs 3,000 SIP can yield over Rs 1 crore in 30 years, and at 35, a Rs 6,000 SIP can do the same in 25 years. Mutual Funds SIPs are a less risky way to grow wealth compared to direct stock investments.