Mutual Fund, SIP Calculator: How to become a crorepati with just Rs 10,000 monthly investment - Strategy DECODED

Mutual Fund, SIP Calculator: While the conventional wisdom often points to a marathon of consistent investment over decades, Anand K. Rathi, the Co-Founder of MIRA Money, unveils a compelling perspective - the journey to a become a crore doesn't necessarily have to be a protracted one.

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Written by: Sarmeeli Mallick

Updated May 6, 2025 17:15 IST

Mutual Fund SIP Calculator

Mutual Fund SIP Calculator: According to Rathi, for becoming a Crorepati (a millionaire) with a monthly investment of Rs 10,000, one need to invest for approximately 20 years, assuming an expected growth rate of around 13 per cent.

Mutual Fund , SIP Calculator: In the bustling landscape of personal finance , the aspiration to become a Crorepati stands as a significant beacon of achievement for many people. It signifies not just wealth accumulation, but a step towards greater financial security and the realization of long-held dreams.
While the conventional wisdom often points to a marathon of consistent investment over decades, Anand K. Rathi , the Co-Founder of MIRA Money, unveils a compelling perspective - the journey to a become a crore doesn't necessarily have to be a protracted one.
Rathi highlights the pathways to potentially accelerate this ambitious financial goal, offering a strategic invest plan for those eager to reach their milestone sooner rather than later.
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According to Rathi, for becoming a Crorepati (a millionaire) with a monthly investment of Rs 10,000, one need to invest for approximately 20 years, assuming an expected growth rate of around 13 per cent.
This growth rate reflects what we have observed from the market index over many decades, said Rathi.
Achieving this goal will take a considerable amount of time. However, if one wants to reach it more quickly, there are two strategies s/he can consider, according to Rathi.
First, consider increasing your amount of Systematic Investment Plan (SIP) as you income grows. For example, if you step up your SIP by about 10 per cent each year—starting from Rs 10,000 in the first year to Rs 11,000 in the next year and then to Rs 12,100 in the year after—you could potentially achieve the target much faster, possibly in about 15 years instead of 20.
Second, in the initial years, investment options with a growth rate higher than 13 per cent should be considered. This approach could create wealth, allowing you to grow your portfolio to 1 crore even more quickly, potentially in less than 20 years.
However, if you maintain a constant SIP of Rs 10,000, it will generally take 20 years to reach a total of 1 crore.
How to become a crore with Rs 10000 monthly investment

How to become a crore with Rs 10,000 monthly investment

Observations:
  1. Total Investment: Rs 24,00,000 (Rs 10,000 × 240 months)
  2. Final Corpus: ~Rs 1.87 crore (due to compounding)
  3. Time to Reach Rs 1 Crore: ~15-16 years (as seen in the table, the corpus crosses Rs 1 crore around Year 17).
How to Reach Faster?
  • Increase SIP by 10 per cent Yearly: If you increase your SIP by 10 per cent annually (Rs 10,000 → Rs 11,000→ Rs 12,100, etc.), you can reach Rs 1 crore in ~12-13 years.
  • Higher Returns (15 per cent+): If you manage 15 per cent returns, you can achieve Rs 1 crore in ~14 years with the same SIP.

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