SIP calculator: SIP or step-up SIP, here’s how you can save Rs 1 crore in 10 years

To accumulate Rs 1 crore in 10 years, investing in equity mutual funds through a systematic investment plan (SIP) is recommended. Even a modest monthly investment can grow significantly over time due to compounding. While equity investments involve risk, long-term investing can mitigate this risk and yield substantial returns.