10 crores till you are 50 years old. Says Jitendra Solanki, a registered tax and investment expert at SEBI, “Financial discipline and investment planning is essential at the early stage of one’s career to build a retirement corpus of Rs 10 crore per 50 years. If any. If a person wants to retire, they must start investing in a retirement fund by the age of 50 after the age of 50 years. At this age, one is earning, but the chances of having a large amount of investment are low. Mutual Fund SIP is the best option. You have to invest a long time to fill the sea drops with a drop. “
In India, retirement age is generally considered 60 and people save it by paying attention. However, one has provided enough savings throughout his life. According to tax and investment experts, if one wants to retire early, one should start investing as soon as possible or at least 25 years old. The mutual fund SIP (systematic investment plan) helps them to collect large sums with small monthly investments, but the investment should be long term, he said.
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The SIP investment strategy helps investors meet their investment target. Transcend Consultants Karthik Haveri said, “Since mutual fund SIPs have an income of 12-15 per cent, SIP alone cannot meet such an ambitious investment target. Monthly SIPs have an annual rate of 10 percent which helps investors to reach the target of ₹ 10 crore. “For long-term investments, the annual increase in monthly SIP will help investors increase their return on investment. According to the Mutual Fund SIP calculator, if a person starts SIP at the age of 25 with an annual return of 12 per cent and an investment target of Rs 10 crore, the annual step-up rate If 10 per cent, the monthly investment will be around 26,000.
10.02 crore from a monthly SIP of Rs 14,750
To achieve the investment target of Rs 10 crore at age 50, Jitendra Solanki said, “At the age of 25, Rs. Investing is not easy. It’s not easy for them when they turn 50. Some financial investment goals require discipline and commitment. In that case, my advice to investors is to increase one’s annual step-up rate by 15 percent, rather than starting with a monthly, 000 26,000 SIP. “According to Solanki, investors will get an annual return of 12 per cent with an investment target of S10 crore at the age of 25, while the annual rate of return is 15 per cent, for a monthly, 7 14,750 investors, which will cost 10 10,02,55,880 or ₹ 10.02 crore.
