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Wed, December 11, 2024
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[ Wed, Dec 11th 2024 ] - CNN-News18
How Rs 10,000 Monthly SIP Grew To Rs 13 Crore In 31 Years For This Investor

How Rs 10,000 Monthly SIP Grew To Rs 13 Crore In 31 Years For This Investor


Published on 2024-12-11 04:21:17 - CNN-News18
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  • By investing Rs 10,000 monthly for 31 years, an investor saw his Rs 37.2 lakh investment grow into Rs 13.64 crore

The article from News18 discusses the remarkable growth of a Systematic Investment Plan (SIP) initiated by an investor named Ashish Kumar. Starting with a modest monthly investment of Rs 10,000 in 1993, Kumar's investment in mutual funds, particularly in diversified equity funds, grew significantly over 31 years. By maintaining a disciplined approach and not withdrawing his investments, his SIP ballooned to Rs 13 crore. The article highlights the power of compounding, the benefits of long-term investment in equities, and the importance of patience and consistency in investment strategies. Kumar's success story serves as an inspiration for potential investors, illustrating how regular investments, even if small, can lead to substantial wealth accumulation over time.

Read the Full CNN-News18 Article at:
[ https://www.news18.com/business/how-rs-10000-monthly-sip-grew-to-rs-13-crore-in-31-years-for-this-investor-9152511.html ]
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