The Economic Times

Explained: Thinking about building a Rs 1 crore corpus? Here's how much you should invest through SIPs

Many investors do not know the exact monthly SIP needed for their financial goals. Excel's PMT function helps calculate the required investment amount for future targets. Investors must first determine their target corpus and the desired time frame for accumulation. Accounting for inflation is crucial to adjust the financial goal's future value. This calculation ensures investors can effectively reach their desired corpus through systematic investments.