Steps to reach a ₹1 crore goal with a ₹1,000 monthly SIP

To build a ₹1 crore fund, you should begin with a monthly SIP of ₹1,000, assuming an annual return of 12%. You must also raise your monthly investment by 10% each year. Over a period of 32 years, your total investment will reach ₹24.13 lakhs, with projected gains of ₹80.98 lakhs. By the end of 32 years, your total wealth will grow to ₹1.05 crores.