BusinessPhoto: News18Hi BusinessSIP vs RD: Which Yields ₹70 Lakh in 30 Years with ₹2,000 Monthly?
Investing ₹2,000 monthly for 30 years can build a substantial fund through SIP or RD. With an estimated 12% annual return, SIP can grow to about ₹69.90 lakh. In contrast, RD at a fixed 7% interest rate yields around ₹24.21 lakh in the same period. SIP returns depend on market performance, while RD offers a fixed interest rate.
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