How long will ₹15,000 monthly SIP & ₹3 lakh lump sum take to reach ₹1 cr?
A monthly systematic investment of ₹15,000 will take around 18 years to grow into a corpus of ₹1 crore at an annual return rate of 12%. The total estimated return here is over ₹70 Lakh. While a lump sum investment of ₹3 lakh with an expected rate of return at 12% will take over 30 years to reach ₹1 crore.