The Economic Times

From 0 to Rs 1 crore: How much time can it take to reach Rs 1 crore with Rs 10,000, Rs 20,000 and Rs 30,000 monthly SIP?

Investing through a Systematic Investment Plan (SIP) can help individuals build a Rs 1 crore corpus over time. The time to reach this goal varies based on the monthly SIP amount and the assumed return rate. For a Rs 10,000 investment at a 12% annualised return, it may take around 21 years. Increasing the investment to Rs 20,000 can reduce the duration to approximately 15 years.