n NISM Certifications
NSM General NISM
Medium

You want to accumulate ₹50 lakh in 15 years. Assuming 12% return and SIP at beginning of month, approximately how much SIP is required?

Practice question from Advanced B1 S5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    ₹15,000

  2. ₹9,909

    Correct answer

  3. C

    ₹8,403

  4. D

    ₹20,000

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

Test yourself for real

Take a full General NISM mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.