We celebrated SIP day on Aug 31. It is our small way of underlining how important SIP is in wealth creation. Take this thought experiment: if a young professional of 25 years of age did a meagre SIP of Rs 5,000 in midcaps in 1999, today his/her corpus would be around Rs 1.20 cr. Effectively, just giving up one bingeing a month and investing in a disciplined way would have delivered a crore. That is what SIP is. It rewards resolve, foresight and discipline – and costs marginally.
But rat ..
