Whalesbook
India is witnessing a significant surge in Systematic Investment Plan (SIP) participation, with over 9.87 crore accounts by September 2024. For beginners investing Rs 5,000 monthly, expert Abhishek Kumar suggests a balanced approach: Rs 3,000 in an index fund for stability and Rs 2,000 in a flexi-cap fund for growth. He emphasizes avoiding concentration risk by splitting investments across at least two funds. Reaching a Rs 1 crore corpus is achievable within 20 years by consistently increasing SIP contributions by 10% annually, assuming an average 12% return, while crucially avoiding mid-downturn SIP halts and high expense ratios.