Can You Become a Crorepati with Rs. 1000 monthly SIP?

SIPs are one of the most popular options for mutual fund investments. It’s a mode of investing in mutual funds such that every month, quarter or half-year, one can invest in units of a mutual fund.

Furthermore, to gauge the returns from mutual funds, a mutual fund return calculator is used. This is one of the best ways in which you can understand how much to invest, how much to pull out from the investments, etc.

Recently, an article came out in a popular online news portal that investing Rs. 1000 monthly in SIP could lead to a person becoming a crorepati. Let’s check out how one can do that and the approach to investment that one should use.

How Can an SIP of Rs. 1000 Lead to Rs. 1 Crore?

• SIP is a good option for those who are in the nascent phase of their careers. If you are looking at long-term mutual fund investment goals, you should opt for investment via SIPs as stated by several experts in the field.
• Whenever your salary increases, you should increase your SIP amount. If you do an annual step-up of your SIP by 10-15% you are on the way to reaching Rs. 1 crore.
• You will have to invest for 25-30 years along with a step-up of 10-15% to reach the mark of Rs. 1 crore.
• Furthermore, if you invest in equity funds, you can expect a return of 15% from the investment.

Moreover, what should one invest in? Equity, debt, or hybrid mutual funds? Equity mutual funds are one of the best ways in which to get high to moderate returns from the investment.

Use a mutual fund return calculator to help you understand how to manage investments.

You can use a mutual fund return calculator to help you understand how this calculation is carried out. Experts suggest that given the returns of 15%, there will be around Rs. 2.25 crore maturity amount.

If you are keen to put this to the test, you can utilize a mutual fund return calculator. It will help you to understand the amount you need to invest in order to get started on your journey to Rs. 1 crore.

Conclusion

If you want to invest in mutual funds you can choose to invest via Money Assist. We are one of the best mutual fund distributors in the city of Kolkata. Moreover, we also offer a mutual fund return calculator to help you to plan and understand your investment strategies. This way you can reach the 1 crore mark in 25-30 years. So, by the time you are 50, given you are 25 now, you can easily reach this coveted amount and live a comfortable life.