How to Make 1 Crore in 10 Years via Mutual Fund Sip?

Mutual Fund SIP

SIPs are the most popular method of investing in mutual funds. It is a way to invest small amounts in mutual funds regularly, like monthly. Mutual fund SIPs are made to be easy for you. You can choose the plan and the investment amount.

You can begin your SIP with a minimum monthly amount of Rs 500. The amount of SIP has no maximum value. Use the SIP calculator available online to examine the SIP returns based on the amount you have invested.

How to Make 1 Crore in 10 Years via Mutual Fund SIP?

• A successful way to try and build your money to 1 crore in 10 years is to invest small amounts of money in mutual funds regularly through a systematic investment plan (SIP). 
• A mutual fund offers a great choice called SIP investing for 1 crore in 10 years, wherein an investor can deposit a specific amount at regular intervals. 

Precautions:

• An investor must be careful when selecting a category for investment purposes. There are several options available, each of which may take a different path.
• An investor must also consider the risks associated with it before investing. The risks can vary from moderate to very high.
• A category includes multiple schemes. The correct scheme for investing in SIP for 1 crore in 10 years should be chosen by the investor.
• To reach the goal, an investor should know how much he will be able to invest each month. 
• So the investor should be able to ascertain the available investment amount as well as the related risks.

Selection of scheme:

Another important step to make 1 crore in 10 years by SIP is the choice of a scheme available under the equity mutual funds category. The schemes are of different types:

• Hybrid Funds
• Flexi-cap Funds
• Small Cap Fund
• Large Cap Fund
• Equity funds. 

Investment process:

The investment amount of Rs 1 crore in 10 years depends on the expected return rate.

• A person can earn a 15% return on a monthly investment of around ₹38,050.
• To earn a 14% return, you might need to invest ₹40,200 monthly. 
• In the same case, to earn a 13% return, a person needs to invest ₹42,400 monthly.

You may increase your chances of reaching your 1 crore in 10 years via a mutual fund SIP by being aware of these factors and starting an SIP early.

Pros of Mutual Fund SIP