Now Reading: Start SIPs in your 20s to build Rs 1.76 crore by 50
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Start SIPs in your 20s to build Rs 1.76 crore by 50
Starting a monthly SIP of Rs 10,000 at age 25 could grow to Rs 1.76 crore by 50, while delaying to age 35 yields only Rs 69 lakh, experts told Livemint. The…
The Story in Brief
Starting a monthly SIP of Rs 10,000 at age 25 could grow to Rs 1.76 crore by 50, while delaying to age 35 yields only Rs 69 lakh, experts told Livemint. The difference is 10 extra years of compounding, not higher income.
Gen Z has fewer financial obligations in their 20s, giving time and flexibility to build habits early, said Siddharth Maurya of Vibhavangal Anukulkara Pvt Ltd. Akshay Rao of Tata Asset Management advised building a 6-12 month emergency fund, repaying high-interest debt, then starting SIPs. Both warned against confusing investing with trading or chasing crypto and stocks promoted on social media.
The Indian Opinion
The ‘early bird’ pitch is sound math, but it glosses over the reality that many in their 20s face student loans, rent hikes and stagnant starting salaries. The advice to save 15-20% or step up SIPs by 10% yearly assumes disposable income grows steadily, a privilege, not a given. At the same time, dismissing crypto and trading as mere speculation is sensible but risks sounding paternalistic. The real test: will any major bank launch a low-minimum, auto-step-up product for salaried Gen Z that actually tracks savings behaviour?
Source: livemint.com
This story was synthesised by AI from the source linked above.
