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SIP calculator: How much you need to invest every month to accumulate Rs 5 crore in 15 years – ET Now

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New Delhi: The secret to accumulating a large corpus is not just earning more money but consistent savings, investments over a long period of time. Accumulating Rs 5 crore seems like an impossible task to many earning individuals. However, it is possible if you start investing early and remain consistent. In fact, you can accumulate Rs 5 crore in 15 years if you set aside a portion of your income periodically.
Systematic Investing Plans (SIPs) of mutual funds offer a great alternative for those, especially salaried class, who do not have the ability to invest a lump sum amount. Long-term investors can expect a return of 12% per annum on their mutual fund SIPs, according to expers experts. 
Accumulating a corpus of Rs 5 crore in 15 years is an ambitious goal that requires investors to increase their SIPs annually in tandem with the increase in their annual earnings. It is possible to reach the Rs 5 crore goal in 15 years using step-up method while allocating SIPs. An annual step-up of 15% in equity mutual fund is required to achieve the goal of Rs 5 crore in 15 years.
According to the step-up SIP calculator, a SIP of Rs 41,500 is required per month for a period of 15 years with an annual step-up of 15% and assuming 12% return to generate Rs 5.01 crore. This means that you are topping up your SIP by 15% every year, for example, Rs 41,500 per month in 2022, Rs 47,725 in 2023, Rs 54,883 and so on.
SIP calculator:
SIP calculatorNote that generally, an annual step-up advised to an investor is 10 per cent. However, for a huge amount like Rs 5 crore, it is advised that the investor goes for 15 per cent annual step-up if they are free from all family responsibilities and are able to earn in 6 digits.  
Assuming 12 per cent return on one’s monthly SIP for 15 years keeping annual step-up at 15 per cent, the SIP return calculator suggests that a person will require Rs 41,500 to start the investment. At the end of 15 years, they can get 5,01,20,926.99 or around Rs 5 crore as maturity amount.
 
Get the latest investment tips at Times Now and also for more news on money saving tips, follow us on Google news.

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Crypto Payments Service Provider BCB Group Raises $60M Series A – CoinDesk

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BCB Group CEO Oliver von Landsberg-Sadie (BCB Group)
BCB Group, a crypto-dedicated payments services provider, has closed a $60 million Series A funding round.
Read more: BCB Group Expands in Europe With Acquisition of 100-Year-Old German Bank
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
@2021 CoinDesk

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EU should ban energy-intensive mode of crypto mining, regulator says – Financial Times

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Global stocks, crypto rebound ahead of today’s momentous Fed decision – Fortune

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