How to make 1 crore through mutual fund SIPs. Read the caption. #stocks #mutualfundindia

How to make 1 crore through monthly SIPs?

Recently, someone asked me how to make 1 crore in 7-8 years through monthly SIPs. I’ve shared what needs to be done in the video above, but for this to work in reality, you need:

1. A decent income so that you can invest around ₹35,000 every month without fail.
2. A good set of mutual funds that deliver a CAGR of around 20%.

Is this possible? Yes, absolutely! Many funds have given decent returns, but it comes with high risk. So, only if you have a good risk tolerance should you consider such funds.

Most people investing in mutual funds prefer a safer approach for long-term investing. So, of you’re looking to invest in mutual funds but don’t want to take on higher risk, the best option IMO is to invest in index funds.

You can expect returns of at least 12% (being conservative). Then with:

• SIP amount remaining the same at ₹35,000
• An annual step-up of 8%

You will reach the 1 crore mark in 10 years. The time duration has definitely increased by 2 years, but this way, you can achieve your goal with much less volatility and more comfort due to the added security of index funds.
Hope this helps.
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