Amassing ₹11 Crore: The Power of SIPs and Step-Up SIPs in Mutual Funds

Are you thinking of creating a big fund for the coming future? If yes, then this news is for you. SIPs in mutual funds are such a way of investing where you can multiply your money. In this episode, today we will understand how you can make a fund of ₹11 crore from a SIP of ₹10000 every month. It is difficult to accumulate a fund of ₹11 crore in sight. But if you plan properly, you can easily reach this goal. For this, you will have to do SIPs as well as Step-Up SIPs. That is, the SIPs that you do every month will have to increase the investment amount every year, like 10 or 20%. It is clear in the calculation that if you increase the investment a little every year, then you can touch the target of ₹11 crore in 32 years. But if you do not do SIPs in 11 years, then your salary horoscope can still touch ₹40 crore.