Accumulating a corpus of Rs 1 crore within a decade may appear to be an unattainable goal for numerous individuals; however, with dedication and regularity, it is indeed achievable. Various investment options are available to enhance your returns, yet one of the most effective methods for wealth accumulation over time is by utilizing a Systematic Investment Plan (SIP) in mutual funds.
SIPs enable you to consistently invest a predetermined sum in a mutual fund of your preference, allowing you to take advantage of rupee cost averaging and the benefits of compounding over time. If your goal is to amass Rs 1 crore within a decade, here are the steps you can follow to achieve this objective.