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Bloomberg Quint

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How To Become Crorepati In 10 Years With SIP: Investment Formula Explained

  • Mutual fund SIPs, with a systematic investment approach, can help individuals build a Rs 1 crore corpus over time.
  • Investors are increasingly using techniques like 'step-up SIP' to maximize returns through the power of compounding in mutual funds.
  • Aiming for a Rs 1 crore target in 10 years via SIP investment entails monthly contributions, potentially utilizing 'step-up SIP' to manage increasing contributions over time.
  • Investors should carefully consider factors like inflation and capital gains tax when setting financial goals for optimal outcomes.

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