Introduction

Investing in mutual funds can help you grow your wealth steadily over time. If you have a target amount of ₹1,00,00,000 (1 crore), systematic investment plans (SIPs) are an excellent way to achieve that goal. This blog will guide you on how much you need to invest monthly and how long it will take, based on an expected rate of return from mutual funds.

Understanding SIP and Target Goals

SIP allows you to invest a fixed amount regularly in mutual funds, which helps in disciplined saving. To achieve a large financial goal like ₹1 crore, it’s important to choose the right SIP amount and have realistic expectations for returns. The rate of return varies based on market conditions, but we will use an assumed rate to estimate the time required.

Key Factors: SIP Amount and Rate of Interest

Your target can be achieved by balancing two main factors:

• SIP Amount: The amount you contribute monthly.
• Rate of Interest (Return): The expected return on your investment, generally between 8% to 15% annually, depending on the type of mutual fund.

Calculate Your Investment Journey

To make this calculation simple, let’s use an interactive calculator below. You can input your desired SIP amount and expected rate of return to see how many years it will take to accumulate ₹1 crore.

Conclusion

By using this calculator, you can plan your investments better and stay on track toward achieving ₹1 crore. Remember, starting early and staying consistent in your investment will help you reach your financial goals faster.

Refer Below Calculator