How to Make 1 Crore in 10 Years by SIP?

Introduction to Systematic Investment Plan (SIP)

A Systematic Investment Plan (SIP) is a method of investing in mutual funds and insurance plans where you contribute a fixed amount regularly, typically monthly. This strategy allows you to accumulate wealth over time through disciplined investing and the power of compounding.

SIP Calculator

I know my investment amount I know my goal amount

Monthly SIP Yearly SIP Lumpsum

I want to invest Pro Tip

Financial experts suggest that a person should invest 10-15% of their monthly income for long-term financial growth

/Month

I want to invest for Pro Tip

Financial experts suggest that individuals should ideally invest for a period of 5 to 10 years, or even longer, to maximize the benefits of compounding and navigate market fluctuations effectively

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Expected return Pro Tip

Top 25% of investors consistently generate more than 12% return

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Total Wealth ₹22.4 L

View Plans

I want to save

I want to invest for Pro Tip

Financial experts suggest that individuals should ideally invest for a period of 5 to 10 years, or even longer, to maximize the benefits of compounding and navigate market fluctuations effectively

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Expected return Pro Tip

Top 25% of investors consistently generate more than 12% return

% Annually

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Monthly Investment ₹22.4 L

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Top Funds with High Returns (Past 7 Years)

16.82%

High Growth Fund

16.57%

Top 200 Fund

13.25%

Accelerator Mid-Cap Fund II

13.43%

Opportunities Fund

9.13%

Growth Plus Fund

11.71%

Accelerator Fund

12.71%

Grow Money Plus Fund

14.1%

Multiplier

10.7%

Equity Top 250 Fund

11.43%

Future Apex Fund

10.91%

Opportunities Fund

12.95%

Frontline Equity Fund

15.2%

Virtue II

9.52%

Pension Dynamic Equity Fund

11.03%

Top 300 Fund

9.19%

Blue-Chip Equity Fund

How Much to Invest to Make 1 Crore in 10 Years by SIP

To achieve a target of 1 crore INR through SIP investments, understanding the required monthly investment and expected returns is crucial:

• Investment Period: 10 years

• Expected Return: 12% p.a.

• Target Amount: ₹1 crore

Use the Future Value of SIP Formula for calculation:

For Example, to find P: 

• Convert annual return to monthly:

  • r = 12%/12 = 1% = 0.01

• Total months:

  • n = 10 years × 12 = 120 months

• Rearranging the formula gives: FV × r/(1+r)ⁿ- 1

  • P = 10000000 × 0.01/(1+0.01)¹²⁰- 1 = ₹44,600

Thus, you would need to invest approximately 44,600 INR per month to reach your goal of 1 crore in 10 years at an annual return of 12%.

List of Investment Funds

SIP Calculator to Estimate How to Make 1 Crore in 10 Years by SIP

You can also use a SIP calculator to easily estimate the monthly investment needed to reach ₹1 crore without the hassle of manual calculations. This is how it will work:

• Go to Policybazaar SIP Calculator.

• Select the “I Know My Goal Amount” option.

• Enter the following information:

• I want to save: ₹1,00,00,000

• I want to invest for: 10 years

• Expected return: 12%

• The calculator will show you the total invested amount, the wealth gained, and the monthly investment required today. 

The following table will show you the monthly SIP amount for different expected returns:

Tips to Make 1 Crore in 10 Years by SIP

To achieve the goal of ₹1 crore through SIPs, consider the following tips:

• Start Early: The earlier you start investing, the more time your money has to grow due to compounding.

• Choose the Right Funds: Opt for equity mutual funds with a good track record. Look for funds that have consistently outperformed their benchmarks over several years.

• Increase Investment Amount: Gradually increase your SIP amount as your income grows. This can significantly enhance your corpus over time.

• Stay Disciplined: Consistency is key. Stick to your investment plan regardless of market conditions.

• Monitor Performance: Regularly review your investments and make adjustments if necessary, but avoid making impulsive decisions based on short-term market fluctuations.

• Stay Invested for 10 Years: Don’t interrupt your SIP during market corrections. Long-term investments overcome short-term volatility.

Benefits of SIP in Making 1 Crore in 10 Years

Investing through SIPs offers several advantages:

• Rupee Cost Averaging: SIPs allow investors to buy more units when prices are low and fewer units when prices are high, averaging out the cost over time.

• Flexibility: Investors can start with small amounts and increase their investments as their financial situation improves.

• Disciplined Saving: SIPs encourage regular savings and investing habits, which is crucial for wealth creation.

• Tax Benefits: SIP investments in Unit Linked Insurance Plans (ULIP), National Pension Scheme (NPS), and Equity Linked Savings Schemes (ELSS) can provide tax deductions under Section 80C of the Income Tax Act.

Steps to Invest in SIP to Make 1 Crore in 10 Years?

To successfully invest via SIP and reach your financial goal, follow these steps:

• Set Your Goal: Define the target amount and timeline (e.g., ₹1 crore in 10 years).

• Calculate Required SIP Amount: Use an online SIP calculator to determine how much you need to invest monthly based on expected returns.

• Select Mutual Funds: Research and choose mutual funds that align with your risk tolerance and investment horizon.

• Open an Account: Create an account with a mutual fund house or through a financial advisor/platform.

• Start Your SIP: Set up your monthly investment, ensuring it aligns with your budget.

• Review Regularly: Monitor your investments periodically and make adjustments as needed.

Conclusion

Invest regularly through SIPs, choose high-performing funds, and aim for 12–15% returns to reach ₹1 crore in 10 years. Start early, increase contributions over time, and use a SIP calculator to stay on track. Stay disciplined and focused for long-term growth.