SIP (Systematic Investment Plan) is one of the best ways to invest in mutual funds. With SIP, you invest a fixed amount for a set period, and you can increase your investment whenever you want. You can start with as little as ₹250. There is no maximum limit for investing in SIP, and you can easily build ₹1 crore through mutual funds.
How to Reach ₹1 Crore with SIP?
In SIP, you benefit from compounding. The longer you invest, the more your money grows. The higher the investment amount, the less time it takes to build a ₹1 crore fund.
SIP of ₹2,000 per Month
- If you invest ₹2,000 per month in a mutual fund SIP with an estimated return of 12%, you will reach ₹1 crore in 35 years.
- In these 35 years, you will invest about ₹8.4 lakh.
- Your total return will be ₹1,01,81,662.
- If the return is 14%, you will reach ₹1 crore in 32 years.
SIP of ₹5,000 per Month
- If you invest ₹5,000 per month with a 12% return, you will reach ₹1 crore in 30 years.
- Your total investment will be ₹18 lakh, and you will receive ₹1,54,04,866.
- If the return is 14%, you can reach ₹1 crore in 25 years.
SIP of ₹10,000 per Month
- Investing ₹10,000 per month with a 12% return, you will reach ₹1 crore in 25 years.
- Your total investment will be ₹30 lakh, and your final return will be ₹1,70,02,066.
- If the return is 14%, you will achieve ₹1 crore in just 20 years.
- Investing in an SIP can build a huge fund over time and achieve your financial goals.