Dreaming of a financially independent retirement? Learn the SIP secrets to build a ₹1.5 Cr corpus by age 55. No jargon, just clear steps for salaried professionals.
₹1.5 Cr today isn't ₹1.5 Cr tomorrow due to inflation. This target is in today's terms. Consistency with SIPs (Systematic Investment Plans) is key to achieving true financial independence.
Target: ₹1.5 Cr by 55 @ 12% p.a. returns. Start at 30: ₹11K/month Start at 35: ₹20K/month Start at 40: ₹38K/month Start at 45: ₹85K/month Time is money – start now!
Don't stick to fixed SIPs! A 'Step-Up SIP' lets you increase contributions annually (e.g., 10%). It lowers your initial burden & helps you hit your goal faster with less effort.
For long-term growth, focus on Equity Mutual Funds. Diversified Equity (Flexi-Cap), Balanced Advantage Funds, and ELSS (for tax saving) are your best bets. Diversify & stay invested.
Avoid these common pitfalls: 1. Starting too late. 2. Stopping SIPs during market falls (buy low!). 3. Chasing 'hot' funds. 4. Not reviewing annually. Stay disciplined & consistent!
Ready to make your retirement dream a reality? Use our free online calculators to customize your SIP plan and visualize your goal. Visit sipplancalculator.in now!