You can earn 10 crores in 10 years through SIP, do planning like this

Mutual Fund Investment: In modern times, people have many investment options, from government schemes to stock market and investors are investing in mutual funds. Investors in the stock market and mutual funds get better returns than government schemes and bank FDs. Investing money in it can be risky. However, if you are ready to take the risk, then by investing money for a long time, you can earn a good profit.

If you need Rs 10 crore in 10 years, then Mutual Fund can be a good option for you. Experts believe that it can be invested in a systematic way through SIP. Let us know how much to invest in it every month and which corpus to choose so that in the coming 10 years a huge amount of 10 crores will be ready with you.

Know from experts how to plan
In a Mint report, Fintu founder CA Manish P. Hinger said that if you are 28 years old, you can avoid taking more risk and plan to invest in some equity mutual funds. He said that assuming 12 per cent return in Equity Mid Cap Fund for 10 years, Rs 1.4 lakh will have to be invested in SIP every month. Due to which about 3.2 crore will be deposited. Apart from this, depositing Rs 1.6 lakh every month in Equity Small Cap Fund and assuming the return is 15% per annum, then Rs 4.4 crore will be deposited in the account. In this case, you will have around 10 crore rupees.

You can invest in these mutual funds
Some of the best performing large cap funds, according to experts, are Quant Focused Fund, ICICI Prudential Bluechip Fund, HDFC Index Fund S&P BSE Sensex Plan and Canara Robeco Bluechip Equity Fund. Axis Mid Cap Fund and Kotak Emerging Equity Fund are among the best performing funds in the mid cap category.

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