Starting early in your investment journey is crucial for compound growth. By saving Rs 50 a day, you can achieve a Rs 1 crore corpus in one year, Rs 1,80,000 in 10 years, and Rs 3,60,000 in 20 years.
To make investing a habit, start a monthly SIP in a mutual fund scheme, assuming a 14% growth rate.
Here’s how to gradually increase your Rs 1 crore corpus if you begin investing at age 25.
30 years, an investment of Rs 5,40,000 can yield long-term capital gains of Rs 77,95,583, with an expected amount of Rs 83,35,583. By investing Rs 1,80,000 in each of three decades, one can make Rs 2,13,137, Rs 14,01,382, and Rs 61,81,064.
Starting early can lead to compounding, allowing a person to have over Rs 1 crore with an investment by 57 years of age of Rs 5,76,000.
