A back-of-the-envelope ready reckoner for systematic savers / investors.
Rs.1000 per month investment for 30 years (i.e. Rs.3.6 lakh) could fetch:-
1. Rs.11.8 lakh in Recurring Deposit at 7% CAGR (Compounded Annual Growth Rate).
2. Rs.14.2 lakh in Post Office / Debt fund at 8% CAGR.
3. Rs.20.8 lakh in ELSS (Equity Linked Savings Scheme) / Large-cap fund at 10% CAGR.
4. Rs.30.8 lakh in Balanced/Multi-cap fund at 12% CAGR.
5. Rs.56.4 lakh in Mid-cap/Small-cap fund at 15% CAGR.