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To get Rs 1 crore by investing Rs 15,000 per month in a systematic investment plan (SIP), you can follow these steps:

Choose a mutual fund scheme. There are many different mutual fund schemes available in the market, so it is important to choose one that is aligned with your investment goals and risk appetite. You can consult with a financial advisor to help you choose the right scheme.

Start a SIP. Once you have chosen a scheme, you can start a SIP by setting up a monthly debit from your bank account. This will ensure that you invest a fixed amount of money every month, regardless of market conditions.

Stay invested for the long term. SIPs are a long-term investment vehicle. To achieve your goal of Rs 1 crore, you should stay invested for at least 15-20 years.

Here is an example of how much money you can accumulate by investing Rs 15,000 per month in a SIP for different investment durations and expected annual returns:

Investment duration (in years) Expected annual return Total investment amount Total investment value

10 12% Rs 18,00,000 Rs 29,52,787

15 12% Rs 27,00,000 Rs 50,76,649

20 12% Rs 36,00,000 Rs 77,19,948

It is important to note that these are just estimates and the actual returns may vary depending on the performance of the mutual fund scheme you choose. However, by investing regularly through SIPs and staying invested for the long term, you can significantly increase your chances of achieving your financial goals.

Here are some additional tips for investing in SIPs:

Start investing early. The earlier you start investing, the more time your money has to grow.

Increase your SIP amount over time. As your income increases, you can increase your SIP amount to invest more money and reach your goal faster.

Reinvest your earnings. When your mutual fund scheme generates earnings, you can reinvest them to compound your returns.

Review your portfolio regularly. It is important to review your portfolio regularly and make adjustments as needed, based on your changing investment goals and risk appetite.

SIP is a powerful investment tool that can help you achieve your financial goals. By following the tips above, you can increase your chances of success.