Let us know how you can become a millionaire by investing in this scheme in just 10 years.

How to become a Millionaire:

You can also become a millionaire by investing money in the Top best mutual fund scheme through SIP.

A good mutual fund scheme can give you an interest of at least 12% per annum for a long tenure of ten years.

You can create a fund of Rs 1 crore by investing money in SIP of equity mutual funds with a target of 10 years.

According to the SIP calculator, you will have to take a monthly SIP of Rs 21,000 for a 12% annual return.

To create a fund of one crore rupees Monthly SIP: 21,000 Annual Return Rate: 12% Annual step-up: 20% Tenure: 10 years

Let us tell you that step-up is such a facility, which increases your contribution to SIP after a specified period.

Total investment amount after ten years: Rs 65,41,588 Return Amount: Rs 38,34,556 Total Funds Maturity: Rs 1,03,76,144

You can increase the SIP amount as per the annual increment in your income and your financial goals.

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.