Turn Rs. 15,000 Salary into Rs. 15 Lakh: Master This Simple SIP Strategy

• Achieve Rs. 15 lakh with a Rs. 15,000 monthly salary through disciplined SIP investments in mutual funds.
• Start with a monthly SIP of Rs. 3,000 (20% of salary) and increase it by 10% annually as salary grows (Step-Up SIP).
• Equity mutual funds offer significant long-term returns, with an assumed 12% annual return for calculation.
• A Rs. 3,000 monthly SIP with a 10% annual step-up can yield Rs. 15 lakh in approximately 14 years due to compounding.
• Maintain investment discipline even during market fluctuations; market crashes allow for acquiring more units, leading to long-term profit.

Why It Matters: Consistent Step-Up SIP in mutual funds can turn a modest salary into significant wealth over time.