Investing in SIP? These smart tips can make you a crorepati in 30 yrs

To avoid financial hardship in old age, you should invest while you are employed. It is important to invest in the right place to build funds by the time of retirement.

If you regularly invest money in SIP, you can build a fund of Rs 5 crore in 30 years.

If you start today and invest Rs 15,000 every month in SIP, you can get Rs 5 crore in 30 years.

SIP provides the benefit of compounding due to regular investment. 15% interest rates are best for buliding substantial funds. Even with 12% interest, you will get good returns.

If you person invests Rs 15000 every month in a good SIP for 30 years, total deposited amount will be Rs 54 lakhs.

Considering a return of 12% on this, after 30 years, you will get Rs 4,75,48,707 including compound interest. Including the principal, your total amount will be Rs 5,29,48,707.

According to this formula, you will get Rs 35 lakh after 10 years, about Rs 1.5 crore after 20 years and Rs 5.29 crore after 30 years.