News From Press Mutual funds: How to become crorepati via SIP without annual step-up

Mutual funds: How to become crorepati via SIP without annual step-up

Source: livemint Aug 18, 2023

What is your target of making ₹1 crore? Five years, seven, ten, twelve, or fifteen years? Money experts say that investment in mutual funds via a systematic investment plan (SIP) works wonders in the long term since investors get the benefit of compounding. If Mutual Fund (MF) investors want to become crorepati via SIP without an annual step-up, then it is very much possible, in how many years will depend upon the amount they wish to invest.

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