In today’s time, everyone tends to save some portion of their income. Each person now invests a bit as well. Some invest in stocks, while others opt for SIP. However, not everyone does SIP with proper planning. In this post, we will provide detailed information about what SIP is, in which apps you can do SIP, how much SIP you can do, and also explain How you can make 1 CR by sip Rs 500.
What is SIP?
SIP is a systematic investment plan. If you invest a fixed amount every month, you will receive a good return in the long term. The money you invest gets invested in the stock market. The longer you invest through SIP, the higher the return. Without proper planning, you may not get as much return, so it’s crucial to plan before starting SIP.
In which app can SIP be done?
You can invest in SIP in various places. Apps like PhonePe, Paytm, and Google Pay support SIP. Additionally, stock market apps like Angel One, Upstox, Groww, and others allow SIP investments. Moreover, you can also opt for SIP in mutual funds.
Where is SIP money invested?
The money invested in the stock market through SIP stays in the market. Whether the market goes up or down in the short term doesn’t matter because SIP is a long-term investment. Over time, you’ll likely see an increase in the value of your investments.
For how long should one sip?
If you invest in SIP for 5 years, you won’t see as much profit. However, if you invest for 10 years, you’ll benefit more than just 5 years. If you invest for 20 years, you’ll gain significantly. Therefore, it’s advisable to do SIP for at least 20 years.
How much money should I sip?
If your salary is 10,000, you should consider a SIP of 1,000. If you wish to invest more, you can. It’s recommended to invest around 30% of your salary in SIP. This way, if you invest for 20 years, you could have crores of rupees after 20 years.
SIP 500 RS And Make 1 CR
If you invest ₹500 every month, you’ll need to continue investing for approximately 50 years. If you consistently invest ₹500 each month for 50 years, you could accumulate 1.5 crores after that period.
Best 3 Sip plans
If you do 1,000 SIPs every month for 40 years. So you would have invested total ₹ 4,80,000 and you will get total ₹ 3,14,03,755.
If you sip 10,000 every month for 20 years. So you would have invested total ₹ 24,00,000 and you will get total ₹ 1,51,59,550.
If you sip ₹25,000 every month for 15 years. So you would have invested total ₹ 45,00,000 and you would get total ₹ 1,69,21,577.
Important Note
We have provided you with information only. If you wish to do SIP, you can do it at your own risk. We do not have any responsibility in this regard.
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