Step-by-Step Guide
Define Your Goal
Determine how many years you want to take to reach ₹1 Crore.
Calculate Monthly SIP
Use our calculator to find the exact amount needed based on your timeline.
Automate
Set up a monthly auto-debit so you don't forget to invest.
How to Plan for Your First Crore: A Beginner's Guide to SIP Goal Planning
Reaching ₹1 Crore isn't about luck; it's about a clear plan and the discipline to follow it. This tutorial will show you exactly how to use InvestKit tools to map out your journey to your first crore.
Step 1: Define Your Timeline
How many years do you have? Your monthly investment requirement changes drastically with time.
Step 2: Calculate Your Monthly SIP
Use the SIP Goal Planner to find your monthly requirement.
- 10 Years: ~₹45,000/month
- 15 Years: ~₹20,000/month
- 20 Years: ~₹10,000/month (Assuming 12% annual return)
Step 3: Select Your Mutual Funds
Choose 1-2 diversified equity funds to start.
Step 4: Automate and Step-Up
Set up an auto-debit and increase it by 10% every year.
Educational Disclaimer
This tutorial is for educational purposes only and should not be considered financial advice. Please consult a certified financial advisor before making investment decisions.