How early can I start investing?
This is one famous question in the field of investments. You can start investing as young as you can. Starting investment at an early age can be very beneficial. For instance, when you start a SIP in your early 20s, you can have a solid corpus at the time of your retirement. A year's delay in your investment journey can produce a big difference in your corpus at the time of maturity. Hence, you are never too early to start your investment.
The power of compounding can provide you with big returns if you invest periodically and regularly. To explain in detail, if a person starts investing in a SIP of Rs. 5,000 at 12% returns, they will get a corpus of Rs. 50 lakhs at the age of 45.
If you delay your investment for just a year, ie, when you start your investment at the age of 26 in the same SIP, you will accumulate a corpus of Rs. 44 lakhs at the age of 45. This means that a year’s delay can cost you 6 lakhs. Hence, when you start earning a regular income, don’t think twice to start your investments
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