Cana5kSIPmakeyourich?Herearethenumbers.Let'slookat3scenarios.We'llassumeyou're#investingforretirement,whichisprobably30yearsinthefuture.SCENARIO1Ifyouhavea5kmonthlySIP,assuminga12%#compoundedannualgrowthrate(CAGR),youcouldbuildacorpusof₹1.76crorebythetimeyouretire.Butwehavetoaccountforinflation.So,assuminginflationis6%peryear,that'sequivalenttoabout₹30.64lakhintoday'svalue.SCENARIO2Supposeyouincreaseyourmonthly#SIPamountby5%everyyear.Again,withthesame12%returnassumption,yourcorpuscouldbe₹2.63croreat#retirement.Intoday'svalue,that'sabout₹45.79lakhSCENARIO3WhatifyouincreasetheSIPby10%everyyear?Thatcouldbuildupto₹4.41crore.Inflation-adjusted,that'sacurrentvalueof₹76.78lakh.Themostimportantpointis,don'tthinkaboutgettingrich.Aimtoinvestasmuchasyoucan,asearlyaspossible.InsomeyearsyouwillbeabletostepupyourSIPamount,butinotheryearsyoumaynot.Or,thestep-uppercentagemaychangefromyeartoyear.That'salright.Justinvestasmuchasyourcircumstancesallow.BONUSMycurrentfavoriteFlexicapmutualfundsfora5kSIP(innoparticularorder).Iwouldbehappytostarta5kSIPinanyoneofthesefunds.1.#HDFCFlexicapFund2.PGIM#FlexicapFund3.JMFlexicapFund4.#ParagParikhFlexicapFund5.#CanaraRobecoFlexicapFund#money#moneymatters#investingindia#mutualfunds#mutualfundsindia#SIP#personalfinance#personalfinanceindiaDisclaimer:Theinformationprovidedinthispostisforeducationalpurposesonlyanddoesnotconstituteinvestmentadvice.Mutualfundinvestmentsaresubjecttomarketrisks;pleasereadallschemerelateddocumentscarefullybeforeinvesting.Pastperformanceisnotindicativeoffuturereturns.Doyourownresearchbeforeinvestinginanyfunds.Consultaninvestmentand/ortaxprofessionalasneeded.