SIP Calculator: How To Be Become A Crorepati With Systematic Investment Plans – Explained

To reach your goal of saving Rs 1 crore, the amount you need to invest monthly depends on the time you have and the expected returns. Assuming an annual return of 12% from an equity mutual fund scheme, investing Rs 4,000 per month from a Rs 25,000 salary consistently will enable you to accumulate Rs 1 crore in slightly over 28 years, or 339 months, according to an ET report. By investing Rs 10,000 per month, or 40% of your monthly salary, you can accumulate Rs 1 crore in just over 20 years, or 248 months. (AI image)