Many investors find systematic investment plan (SIP) in mutual funds as a convenient way to build wealth in the long term, but what if they also top it up with a lump sum investment. By doing that, they can generate a significantly higher corpus compared to a simple step up SIP in the long run. Similarly, what will be the impact if you invest a Rs 5 lakh lump sum amount at the beginning of your Rs 10,000 step up investment journey? Will you be able to achieve a Rs 2 crore retirement corpus in 20 years?
Retirement corpus from Rs 10,000 monthly SIP, Rs 5 lakh lump sum investment in 20 years
