RD amey, 25 Apr 2013

how can RD help to built a corpus of 1 cr in 10 -15 years.

Fintotal Answer

Based on present rates of about 8.75% you'd have to deposit close to Rs 27,000 every month in an RD to create a corpus of Rs 1 crore in 15 years. Whereas in SIP of a good diversified equity mutual fund, assuming a rate of 15% (which by the way is an absolutely rational estimate) you'd make Rs 1 crore in 15 years with a monthly investment of just Rs 15,000! Talk about the power of compounding and cost averaging!

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