How to earn 10 crores by 60: Kickstarting their investment journey early can help investors reap benefits even with limited monthly investments, as it provides a longer window for them to build wealth. An investor can build a corpus of Rs 10 crore by the age of 60 by investing in mutual funds via monthly SIPs. The monthly investment required will be Rs 11,750 per month.

How you can accumulate a Rs 10 crore corpus in 35 years?

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If one assumes that the equity markets will deliver an average return of 13 per cent per annum, a SIP of Rs 11,750 for 35 years will deliver approximately Rs 10 crore, according to AR Hemant, AVP, BankBazaar.com.

AR Hemant also suggests another way to do this—starting a SIP of Rs 4,660—and then every year, increasing the SIP amount by 10 per cent. This way, too, one can build a Rs 10 crore fund in 35 years.

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As the income rises, so should the SIP. "This will help you accelerate your progress. With higher average returns and bigger SIPs, you’ll hit your goal faster," Hemant says.

According to the expert, a typical flexi-cap fund with exposure to fast-growing companies may prove to be a good way to achieve this long-term goal.

Flexi-cap funds invest in companies of all sizes and across sectors. They provide flexibility to make changes in the portfolio as market conditions change.

"An equity-linked savings scheme (ELSS) may have the same effect with the additional benefit of 80C tax savings. A Nifty500 TRI index fund, too, can help with the added advantage of a lower expense ratio. If you prefer lower risk, stick to Nifty50 or similarly benchmarked large-cap funds," AR Hemant further said.

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