Systematic Investment Plans (SIPs) are a popular tool for long-term wealth creation, offering market-linked attractive returns and the benefit of compounding.
SIPs provide flexibility with contribution timelines starting from as low as Rs 500 weekly, allowing gradual wealth accumulation without financial strain.
Investing Rs 500 weekly for 10 years at an expected 12% annual return could result in a total value of Rs 4,48,135, whereas a 15-year duration could lead to Rs 9,07,736.
Extending the SIP investment period can substantially increase the total corpus, emphasizing the importance of setting realistic financial goals and considering market fluctuations.