Achieve Rs. 1 Crore with Rs. 5,000 SIP: Step-Up for Faster Wealth

• A plan suggests earning Rs. 1 crore from a Rs. 20,000 salary by investing Rs. 5,000 monthly in a mutual fund SIP.
• With a 12% annual return, a consistent Rs. 5,000 monthly SIP can achieve Rs. 1 crore in approximately 27 years.
• Implementing a "step-up SIP," where monthly investments increase annually, can accelerate wealth creation.
• A 10% annual step-up SIP on Rs. 5,000 monthly can reach Rs. 1 crore in 21 years, while a 15% step-up can achieve it in 18 years.
• Step-up SIPs help grow the corpus faster, counter inflation, and maintain budget flexibility, emphasizing financial discipline.

Why It Matters: This empowers modest earners to build Rs 1 crore through systematic investing.