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Why should you start a SIP today itself?

Why should you start a SIP today itself?

What is SIP?

SIP works on the principle of regular investments. It is like your recurring deposit where you put in a small amount every month. It allows you to invest in a MF by making smaller periodic investments (monthly or quarterly) in place of a heavy one-time investment i.e. SIP allows you to pay 10 periodic investments of Rs 500 each in place of a one-time investment of Rs 5,000 in an MF.

Do you know what will be value of Rs. 1,000 per month @ 8% and 15%, if invested through SIP?

(FIgures in brackets is the amount invested) and next two figures are value of the invested amount at the end of the term if compounded @ 8%/15%.

After 5 yrs (60000)
73, 450/ 88,575

After 10 yrs (120000) 1,81,372/2,752,71

About Yash Dugar

Yash Dugar
Yash is a passionate entrepreneur who is the Founder of Investment Research firm named CREALTH RESEARCH! Being a NISM Certified Investment Advisor he has done GFMP course from BSE Institute and a CFP in making. He has also been the curator of TEDxBESC & is a die heart social worker actively working with two NGO's namely Yahvi & Tiljala Shed.

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