Mutual fund investments offer both long-term and short-term savings options to accumulate wealth. If you are looking for higher returns without putting your money in high risk investments directly, mutual funds could be a better choice. Mutual fund investments offer comparatively high returns as against the traditional savings instruments and also come with low risk compared to stocks. Generating Rs 1 crore corpus fund with mutual fund investments is quite possible, but it needs meticulous planning.

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With a proper strategy, investors can grow their money to a larger amount by investing say Rs 15,000 for the next 15 years. With a minimum investment of Rs 15,000 per month, a person through Mutual Fund Systematic Investment Plans can accumulate as high as Rs 1 crore, an amount that will help achieve future financial goals in the long run.

How to get Rs 1 crore by investing Rs 15,000 per month in a Mutual Fund SIP?

According to market experts, to generate Rs 1 crore by investing Rs 15,000, investors can follow the "15x15x15" rule. This means they can invest Rs 15,000 every month for the next 15 years with an expected return of 15 per cent annually.

Under the '15x15x15' rule, compounding is the key factor that helps to grow money. Investors need to keep in mind the following three things to achieve the goal of Rs 1 crore in 15 years.

– Rs 15,000 should be regularly invested every month in the SIP plan.

-  The total investment tenure will be 15 years and no partial withdrawal should be made.

-  The expected rate of return is 15 per cent for this purpose. Most of the Mutual Fund SIPs offer around 15 per cent or higher return in the long run.

Choosing right SIP plan to generate Rs 1 crore fund

You can choose one mutual fund SIP plan or multiple SIP schemes to invest your money. In order to achieve the goal of Rs 1 crore, it’s important to stategise your investment. You can choose multiple mutual fund SIPs across equity, debt and hybrid categories to diversify your portfolio. This will help you to mitigate the risk as mutual fund schemes are linked to market volatilities. It’s advisable to seek the guidance of a professional fund manager to achieve the goal of Rs 1 crore.