Can a modest ₹5000/month ELSS SIP truly build ₹1 Crore in 20 years? Let's dive deep into the magic of compounding and smart investing!
A fixed ₹5K/month SIP at 12% annual return yields ~₹50 Lakh in 20 years. To reach ₹1 Cr, you'd need significantly higher, often unrealistic, returns.
ELSS (Equity-Linked Savings Scheme) offers Section 80C tax benefits with a 3-year lock-in. It's a disciplined entry point to equity growth & wealth creation.
Inflation reduces future value. But with a 10% annual 'Step-Up' on your ₹5K SIP, at 12% returns, you can cross ₹1.04 Crore in 20 years. Your income grows, so should your SIP!
Don't wait until year-end for lump sums. Don't stop after 3 years, keep compounding. Avoid chasing last year's top fund. Align ELSS with your long-term financial goals.
ELSS funds, being equity-oriented, offer higher potential returns (10-15% avg.) than PPF for long-term goals (7+ years). Stick to 1-2 quality funds for focused growth.
Ready to achieve your financial dreams? Use our SIP step-up calculator at sipplancalculator.in to see your potential & start investing smarter today!