SIP calculator: Monthly savings you need to accumulate ₹1 crore in 10 years through mutual fund investment
SIP calculator: Investors can accumulate ₹1 crore in 10 years through mutual fund SIP, say tax and investment experts
SIP calculator: Mutual fund investments are subject to market risk but this risk can be minimised by opting the systematic investment plan or SIP. In this investment option, an investor is allowed to choose monthly, quarterly or half-yearly investment option that allows an investor to accumulate whopping amount in long term, even when they don't have a lump sum amount for upfront one time investment. According to tax and investment experts, one can become a crorepati or accumulate ₹1 crore in 10 years, provided. However, to meet this ambitious investment goal they will have to make things differently though they need not to do anything different than mutual funds SIP.