The Economic Times

How long will a Rs 20,000 SIP and Rs 1 lakh lump sum take to become Rs 3 crore? Check calculations

A monthly SIP of Rs 20,000, coupled with a Rs 1 lakh lump sum investment and an assumed annual return of 12%, can help investors accumulate a corpus of about Rs 3 crore in roughly 23 years and 7 months, according to calculator estimates.