Country / Invest in this way a fund of ₹ 10.19 crore will be ready know how to do planning

How to become a crorepati? is everyone's dream but it is a bit difficult to make it come true. However, if you invest the right time and right place, you can become a millionaire very easily. If you are also planning for investment, then SIP can be a better option for you. SIP means Systematic Investment Plan aka Mutual Fund SIP. SIP is one of the most attractive investment options for earning individuals. It is considered to be the best scheme for mutual fund investment. Through this, investors deposit a small amount every month and create a large amount for a long period.

How to prepare a fund of crores

According to investment experts, if an investor is clear about his investment goal, then Mutual Fund SIP calculator is the first choice that he should make. This will help them to know how much SIP will be sufficient to meet their investment goal. If an investor wants ₹10 crore when he turns 50? So what to do? According to experts, achieving ₹10 crore at the age of 50 is an ambitious goal and for this, the investor needs to start investing as early as possible at the age of 25.

Since, the investor will not have a lump sum amount to invest at that time, the investor is advised to opt for a mutual fund SIP. The investor is also advised to maintain step-up SIP investments, where one's monthly SIP gets synced with one's yearly. However, to meet this highly ambitious ₹10 crore target at the age of 50, investors are advised to follow a 15 percent annual step-up in monthly SIPs instead of the traditional 10 percent annual step-up . According to experts, investors should opt for equity mutual funds as it will help them earn at least 12 per cent returns during the tenure of the investment.

Know what is calculation?

Assuming 12 per cent return on monthly SIP for 25 years, the mutual fund calculator suggests a 15 per cent annual-step up strategy to meet your 10 crore investment target at the age of 50 with ₹15,000 monthly SIP Have to start. As per the Mutual Fund SIP calculator, the maturity amount at the age of 50 years will be ₹10.19 crore, if the investor follows the above mentioned mutual fund SIP investment strategy.