Frequently Asked Questions
How much SIP is needed for ₹50 lakh in 10 years?
At 12% annual returns, you need ₹21,521/month to accumulate ₹50 lakh in 10 years. Your total investment would be ₹25.83 lakh, with ₹24.17 lakh coming from compounding gains.
Can I reach ₹50 lakh with ₹15,000 SIP?
₹15,000 SIP at 12% for 10 years gives ₹34.85 lakh. To reach ₹50 lakh with ₹15,000: either extend to 13 years, use 10% annual step-up (start ₹14,717), or target higher-return funds.
What if I have only 7 years to save ₹50 lakh?
For ₹50 lakh in 7 years at 12%, you need ₹37,561/month. That's ₹16,040 more than the 10-year plan. Time is money - the earlier you start, the less you invest monthly.
Is ₹50 lakh enough for a major goal?
₹50 lakh is substantial! It can serve as: house down payment for ₹2+ crore property, child's higher education fund, wedding expenses, or a significant emergency corpus. It's a great intermediate wealth milestone.
Should I use step-up SIP for ₹50 lakh goal?
Yes! With 10% annual step-up, start at just ₹14,717/month instead of ₹21,521. Your SIP grows with your salary, making it more affordable initially while still reaching the ₹50 lakh target.