Crorepati Calculator: Making a lot of money is an investment goal for everyone. However, this is one of the most challenging jobs for a working person. So, to ensure money is made at a fast clip, working people should try and invest as much as possible and that too as early in their lives as possible. This will make them rich for sure. The question is where to invest with reasonable security. Well, mutual funds have emerged as a great choice for all. They have become the preferred choice for investors these days and, to help them make more money, tax and investment experts are coining up with various tips and investment tricks that can help them become rich. 

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Mutual funds allow systematic investment plans (SIP) mode of monthly investment. A working person at the nascent phase of a career can start investing through SIP. According to the tax and investment experts, if an earning individual starts investing in SIP from 25 years of age then this can be continued for nearly 30 years.

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Speaking on the equity mutual funds investment through SIP mode, Kartik Jhaveri, Director — Wealth Management at Transcend Consultants said, "In long-term say up to 10 years, equity mutual funds investment will give at least 12 per cent annual return. However, if the time-horizon is increased up to 30 years, then the return can go up to 15-17 maybe 18 per cent per annum as it would help an investor to reap the compounding benefits on the interest earned on the investment."

Assuming 15 per cent return in a monthly SIP of Rs 6,000 for 30 years, the maturity amount as shown by the SIP calculator would be Rs 4.21 crore. In this 30 year period, the investor invests Rs 21,60,000 while return is Rs 4.21 crore. So, if we further simplify the investment pattern, the investor is investing Rs 6,000 a month means it would be Rs 200 per day.

However, a SEBI registered tax and investment expert, Jitendra Solanki has recommended this trick for investors to increase the amount of money they can make. He said that SIP is the most preferred investment tool for the long-term investment, but the mutual funds investment has to be an equity fund. He said that investors should increase the monthly SIP annually by at least 10 per cent as this trick helps increase the maturity amount geometrically. He advised SIP investors to increase SIP by at least 10 per cent annually and that this would be possible as they will definitely be getting salary increments  annually up to a level.

Assuming 10 per cent SIP step-up rate for the same Rs 6,000 SIP for 30 years yielding 15 per cent annual returns, the SIP calculator suggests that the investor would get Rs 7,61,92,899 as maturity amount. In this period, the money invested by the investor is Rs 1,18,43,570 and the return amount is Rs 6,43,49,329 adding which the maturity amount rises to Rs 7,61,92,899.

So, this annual 10 per cent step-up trick can help an investor to convert one's initial Rs 6000 per month or Rs 200 per day into Rs 7,61,92,899.