Your dream of becoming a millionaire will come true! If you deposit just ₹150 every day, you'll have a bank balance worth crores.

SIP Calculation: If you deposit ₹150 every day into a SIP, you can accumulate funds worth up to ₹1 crore over the long term. Learn the complete SIP calculation based on a 25% return.

SIP Calculation: Who wouldn't want to become a millionaire? But it's not that easy if your income is limited. However, if you invest systematically, it's not that difficult. However, through SIP, you can fulfill your dream of becoming a millionaire in just a few years. SIP, or Systematic Investment Plan, is a method of investing in mutual funds where you invest a fixed amount every month, earning compound interest and accumulating more funds in a short period of time.

How can you become a millionaire with an investment of ₹150?

SIPs promote financial discipline by requiring consistent investment. The magic of compounding helps you accumulate wealth. High-yielding SIPs over a 15-year timeframe can help build a substantial corpus. Past mutual fund returns show that investing ₹150 daily through SIPs can accumulate ₹1 crore. Over 15 years, some funds have generated average annual returns of 25%. Let's explore how investing ₹150 daily or ₹4,500 monthly through SIPs can lead to a corpus of ₹1 crore.

Target - Rs 1 crore

Time - 15 years

Expected return - 25 percent

Daily investment - Rs 150

Invested amount - Rs 8,10,000

Estimated return - Rs 79,91,031

Total value - Rs 88,01,031

Don't abandon your investment

Returns may seem slow at first, but as time passes, your investment returns begin to accumulate. This is called the "power of compounding." This allows even a small amount to grow into a substantial corpus over the long term. The sooner you start an SIP, the longer you will benefit from compounding. However, don't let market fluctuations scare you into stopping your SIP midway. To start an SIP, first select your preferred mutual fund and decide how much money you want to deposit each month and for how long. Based on the fixed amount, you will get units of that fund and with compounding your invested money will grow.