Produced by: Mohsin Shaikh
Systematic Investment Plans (SIPs) are a smart way to accumulate ₹1 crore by 2035, offering an affordable and disciplined way to invest regularly in mutual funds.
To reach ₹1 crore in 10 years, the required SIP amount depends on the annual rate of return delivered by your chosen mutual funds.
With an annual return of 12%, you would need to invest ₹43,471 per month to reach ₹1 crore, accumulating ₹52.17 lakh of actual investment.
If the return drops to 11%, you would need to increase your monthly SIP to ₹46,083, and your total investment would rise to ₹55.30 lakh.
If the return is just 8%, the SIP amount would increase significantly to ₹54,661, and the total investment would reach ₹65.59 lakh.
The table provides clear insights on the impact of different returns (8%-12%) on the monthly SIP amount required to accumulate ₹1 crore.
Planning for big financial goals like buying a house or funding your child’s education requires a clear, consistent investment approach, like SIPs.
SIPs allow you to start small and increase your monthly contribution over time, making them ideal for anyone looking to achieve long-term financial goals without a heavy immediate burden.
Before making investment decisions, it’s essential to consult a SEBI-registered investment advisor to ensure that your strategy aligns with your financial goals