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Systematic Investment Plans (SIPs) offer several benefits. Some SIPs in mutual funds allow you to start investing with a small amount, like Rs 100. You get access to high liquidity, meaning you can withdraw your money when needed. However, early withdrawals might come with fees. SIPs also benefit from compounding, which helps grow your wealth over time. Let's calculate how long it would take to reach a goal of Rs 1 crore by investing Rs 9,000 every month through an SIP.

Also Read: Power of Rs 4,000 SIP: How quickly can you generate Rs 60 lakh corpus with just Rs 4,000 monthly investment?

Compounding means your investment earns returns on both the initial amount and the returns that have already grown. The key to making the most of compounding is to start investing early and keep investing regularly. 

SIP lets you invest a fixed amount regularly in mutual funds, which can be done daily, weekly, monthly, quarterly, or yearly, depending on what suits you best. This way, you can steadily build your investment over time. 

A Systematic Investment Plan (SIP) allows you to invest a fixed amount regularly. You can set up a SIP with a mutual fund company, instructing them to deduct a specified amount from your bank account at regular intervals, such as monthly, and invest it in your chosen mutual fund scheme. This approach helps you invest disciplined way and build wealth over time.

To get maximum returns from investment in the long run, one should start investing early. 

The investment amount will be Rs 10,80,000, the capital gains will be Rs 9,36,323, and the estimated retirement corpus will be Rs 20,16,323. 

The investment amount will be Rs 16,20,000, the capital gains will be Rs 26,63,383, and the estimated retirement corpus will be Rs 42,83,383.

The investment amount will be Rs 21,60,000, the capital gains will be Rs 61,18,716, and the estimated retirement corpus will be Rs 82,78,716.

The investment amount will be Rs 23,76,000, the capital gains will be Rs 82,52,406, and the estimated retirement corpus will be Rs 1,06,28,406.

It will take approximately 22 years to build Rs 1 crore with Rs 9,000 monthly investment. 

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