It might be difficult to plan for retirement in the face of growing inflation and increased living expenses. But using a Systematic commitment Plan (SIP) to take advantage of compound interest can turn a small monthly commitment into a sizable retirement fund. Starting at age 25, you may possibly collect more than Rs 7.4 crore by retirement by making a monthly SIP contribution of Rs 5,000. Examine how you may safeguard your retirement and become financially independent with this methodical technique.
