SIP is the most simple and uncomplicated investment plan. It helps to participate in an investment pattern that gives the least possible deviation in reaching an investment goal.
This knowledge journey from K2K attempts to enlighten the reason to complete the full journey. It might be boring to read all the episodes. But what u get out of it at the end is very interesting. I start the journey with a SIP of 1000 to characterize the journey benefit and will capture it as we go.
A 10 Year SIP of Rs.1,000 pm can give a value of 2.78 lacs out of the invested value of 1.2 lacs
A 20 Year SIP of Rs.1,000 pm can give a value of 15.15 lacs out of the invested value of just 2.4 lacs
A 30-Year SIP of Rs.1,000 pm can give a cumulative value of 70.10 lacs with just 3.6 lacs of investment
Many people don’t hold on to the investment long enough. If 1.2 lacs is ‘Kanyakumari’ and 2.78 lacs is ‘Bangalore’ then some people get down at Bhopal (15 lacs) assuming they traveled far enough. As we all know the fun is to reach up the altitude to witness financial ecstasy