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A person starts investing Rs. 10,000 monthly
through SIP from the age of 30 and stopped the SIP at the age of 40. But
instead of withdrawing the money, he decided to keep it till the age of 60. At
that age, he finds out that his fund value has become 4.30 crores.
Another person also starts investing Rs. 10,000
monthly through SIP from the age of 40 but unlike the first person he didn't
stop the SIP after 10 years instead he continues till the age of 60 and finds
out that his fund value has become Rs 1.33 crores.
The first person invested only 12 lacs in 10
years and accumulated Rs 4.30 lacs at the age of 60. On the other hand, the
second person who invested only Rs 24 lacs in 20 years, had accumulated Rs.
1.33 crores only.
Key Lesson - If you start early, there will be a lot more
benefits. Neither huge money, nor high-return funds, but investing over a long
time can give the most benefits.
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