Crorepati Calculator: Systematic Investment Plan (SIP) calculator suggests that it is one of the easiest ways of accumulating huge amounts of wealth by investing small monthly amounts. Mutual Fund SIP investment is fast catching among those investors who want to go long and create a retirement fund with some risk oriented investment. Suggesting such investors to choose a small-cap mutual fund plan, Kartik Jhaveri of Transcend Consultants says that small-cap mutual funds move at the fastest rate and in the long-term this should be the first choice if an investor is ready to take some risk.

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Agreeing with the 'Mutual Fund Sahi Hai' slogan by various fund houses, Jhaveri said that if the investor is well aware about his investment goal and risk appetite, then the slogan is definitely true. To become a crorepati, however, requires discipline. In fact, you will find it very tough to answer this question - how to become rich - if you do not plan and then enforce discipline on yourself to succeed.

On mutual funds investment returns the Director — Wealth Management of Transcend Consultants said, "If we go by mutual funds investment calculator, one would get at least 12 per cent returns on mutual funds redemption after 10-12 years. However, if the investment is for more than 15 years, say 20 years or more, then the return may zoom from 13 to 15 per cent, depending upon the stock market performance in the last 3-4 years."

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Assuming at least 13 per cent mutual fund return in 20 years of investment, the SIP calculator suggests that if an investor invests Rs 9,000 per month for 20 years, the mutual fund redemption amount will be around Rs 1,03,09,672 or Rs 1.03 crore.

In this 20 years of mutual funds SIP investment, the investor will be investing Rs 21,60,000 means the net interest earned throughout the investment period of 20 years will be near Rs 81,49,672.

Source: SBI Mutual Fund SIP Calculator

Top options to invest in to become a crorepati?
Asked about some major small-cap mutual fund pans that an investor can look at while deciding upon a suitable plan SEBI registered tax and investment expert Jitendra Solanki said, "HDFC Small-cap Growth Direct, Axis Small-cap Growth Direct, SBI Small-cap and Motilal Oswal Nifty Small-cap 250 Fund are some of the options that a mutual funds SIP investor can think of while investing."

So, as far as the question - how to become rich - is concerned, then teh answer for that is through small investments. An investor needs to use the mutual funds SIP calculator and check how much he can invest in a month and what will be the mutual funds redemption amount that he will get after a certain time.