For many new investors, investing a modest amount of Rs 5,000 every month could be a promising start for long-term wealth accumulation.

Over a long-term horizon, SIP investments offer potentially higher returns due to the power of compounding and rupee cost averaging.

It may take less than 20 years to build a corpus of Rs 1 crore with a monthly SIP of Rs 14,000 at an assumed interest rate of ...