SIPs (Systematic investing Plans) are a popular investment option for many investors. It is one of the most convenient ways to invest a particular amount every investment cycle.
 
That's the reason that the number of SIP holders is increasing every month. Investments through SIPs also add discipline to one's investing habits because they need to save a particular amount every investment cycle.
 
While starting SIP, you should have a clear investment goal and the amount you want after a specified time period.

How does SIP work?

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A defined quantity of money is withdrawn from an investor's bank account regularly (monthly, quarterly, etc.) and invested in a mutual fund of your choice through a SIP. The number of units you purchase is determined by the mutual fund's Net Asset Value (NAV) at the time of purchase. When NAV rates are low, more units are issued, and when NAV rates are high, fewer units are issued. This method, known as rupee cost averaging, can assist in reducing the impact of market volatility.
 
Now, assume you want to become a crorepati but don't know how much to invest or for how long. In this article, we will look at how to build a Rs 1 crore corpus throughout various time periods.
 
1. To become crorepati in 10 years
Before we start calculations, let's tell you that Nifty 50 has risen at a CAGR of 14 per cent in the last 10 years. As a standard, we will keep 12 per cent estimated capital gain returns in our

calculations- 
To make a corpus of Rs 1 crore in 10 years, one must invest Rs 44,000 monthly. With an estimated yearly return of 12 per cent, investing Rs 44,000 per month means Rs 5,28,000 a year, and Rs 52.28 lakh in 10 years. This would yield long-term capital gains of Rs 49,42,919. On maturity, your estimated total amount will be Rs 1,02,22,919.
 
2. To become crorepati in 5 years
Similarly, if you invest Rs 1,22,000 every month for five years, you would accumulate a corpus of around Rs 1,00,63,337. This comprises your total investment of Rs 73,20,000 and long-term capital gains of Rs 27,43,337.
 
3. To become crorepati in 20 years
If you wish to invest less money over a longer period of time, you can do so by investing Rs 11,000 every month, or a total of Rs 26.40 lakh, for 20 years. With a projected yearly return of 12 per cent, your long-term capital gains would be Rs 83,50627, and you would get around Rs 1,09,90,627.

Conclusion

There are several ways to invest in a SIP, as well as several fund kinds. You can select big, medium, or small-cap funds. You can make investments based on your preferences and time frame. You can easily become a crorepati by continuing to invest according to your financial goals. If you wish to invest less money over a longer period of time, you can do so by investing Rs 11,000 every month for 20 years. With a projected yearly return of 12 per cent, your wealth increase would be Rs 83,50627 and you would get around Rs 1,09,90,627.