Dreaming of How to Make First ₹1 Crore with SIPs is very common these days, but turning that dream into reality is only achievable with a smart, wise and regular strategy. Systematic Investment Plan (SIP) is one of the best approaches to build wealth over time, mainly for Indians investors who are searching for safe and steady growth via mutual funds investment in India.
How to Make First ₹1 Crore with SIPs: A Step-by-Step Plan
Step 1: Understand the Power of SIPs
It allow you to invest a specific amount in a mutual fund monthly. The power of compounding makes SIPs one of the most effective options to grow money step by step.
- Start Early: The earlier you start investing, the lower your monthly investment amount will be.
- Be Consistent: Stay consistent with your SIPs investments every month, even if there are market ups and downs going on.
- Increase SIP Amount: Raise your SIP amount by 10% yearly if there is any growth in your salary, which is called step-up SIP.
Step 2: Calculate How Much You Need to Invest
To achieve the goal of ₹1 crore with SIP mode, the mount you are going to invest and time period both are important for returns.
For example:
- If you start with ₹15,000 per month with return of 12% per year, then you can achieve the goal in around 17 years.
- If increase it to ₹30,000 per month with the same 12% return per year, then you can reach in around 13 years.
Use an official SEBI-recognized SIP calculator if manual calculations seem complex.
Step 3: Choose the Right Mutual Funds
Picking the right mutual funds is one the most important parts. Search for funds that match your risk taking ability and for how long you are willing to invest.
- Equity mutual funds are best for long-term financial growth.
- Spread your investment across different funds like large, mid, and flexi-cap funds.
- Take index funds into consideration for lower costs.
Always examine the best mutual fund portfolio strategy for 2025 and match it with your financial goals.
Step 4: Stay Disciplined & Review Periodically
Try not to pause or stop your SIP investment during decline in the market. Because staying invested during market downturns may helps you buy more shares at lower prices.
- Review and rebalance your portfolio every 6 months or yearly if needed.
- Move your money to a similar fund if the performance is low for a long time.
- Look for professional financial advice from a SEBI-registered if needed.
Step 5: Stay Informed
Stay updated with how your funds works, revised guidelines, and market movements by reading news from a trusted source. Learn how to choose the right mutual fund in India to make wise decisions. You can even join the investment forums or take advice from SEBI-registered financial advisors for guidance.
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Conclusion
Becoming a crorepati with the help of SIPs is a realistic goal to achieve if you stay invested and informed for a long time. With mutual funds investment in India becoming popular, now is the ideal time to start your investment. Start with a small amount first and watch your money grow over time.