Hello. I have a SIP of Rs 58,000 per month across large, flexi, mid and small caps whose value is now Rs 16.5 lakhs. I intend to continue investing the same amount of Rs 58,000 per month for the next 15 years. Assuming a return of 10% , how much corpus can I expect to build at the end of the 15th year? Thank you
Ans: Embarking on a journey of consistent investing, much like planting a tree, requires patience, commitment, and foresight. Your disciplined approach of investing Rs 58,000 per month across various equity categories is commendable and lays a strong foundation for your financial future.
Assuming an average annual return of 10%, which is a realistic expectation for equity investments over the long term, let's envision the potential growth of your investment. The power of compounding, often likened to a snowball rolling down a hill, gathers momentum over time, amplifying your returns.
Over a 15-year horizon, with a monthly investment of Rs 58,000 and an assumed annual return of 10%, you can expect to build a substantial corpus. While the exact amount can vary due to market fluctuations, approximately, you could potentially accumulate a corpus of around Rs 2.5 crores by the end of the 15th year.
Remember, while these projections offer a glimpse into the future, the journey of investing is filled with twists and turns. Regularly reviewing and adjusting your investment strategy with a Certified Financial Planner can help navigate the path ahead, ensuring you stay on course towards achieving your financial goals. Keep nurturing your investment tree with care and patience, and watch it flourish over time.
