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The Economic Times
The Economic Times
Shaghil Bilali

From Rs 10,000 step up SIP to Rs 1.05 lakh monthly income: How you can get Rs 1 lakh+ monthly income for 20 years

SWP

Can your Rs 10,000 step-up SIP investment today help you achieve a monthly income of Rs 1.05 lakh for 20 years? If you allow your investment some time to grow, it just might be possible. By combining a systematic investment plan (SIP) and systematic withdrawal plan (SWP) in mutual funds, you could hit that Rs 1.05 lakh monthly income goal in 20 years. Over the first 20 years, you could build a corpus of around Rs 1.48 crore, and in the following 20 years, you could withdraw more than Rs 1 lakh each month from that same corpus. Let’s see how!

Rs 1.48 crore corpus from Rs 10,000 monthly step up SIP

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