Reaching a target of ₹1 Crore sounds challenging, but with systematic compounding, it is achievable for any disciplined investor.
If you start a monthly SIP of ₹10,000 at a 12% average annual return, you will achieve ₹1 Crore in approximately 20 years. However, by simply stepping up your SIP by 10% every year, you can reach this milestone in just 15 years!
For long-term compounding, allocate 70% to diversified equity mutual funds and 30% to stable debt or gold schemes.
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