Many Indians dream of achieving a corpus of Rs 1 crore. It is certainly possible to achieve such a corpus by making investments in financial instruments. A popular instrument in India is a mutual fund. 

When it comes to building wealth in India, two popular routes for mutual fund investments are a Systematic Investment Plan (SIP) and a lump sum investment. But if one wants to achieve a corpus of Rs 1 crore faster, which is the better option?

Assuming an annual interest rate of 12%, we have done some calculations to answer this question:

Investing In A Mutual Fund Lump Sum:

Total investment: Rs 5 lakh

Tenure: 27 years

Expected returns (assumed): 12%

Estimated returns: Rs 1.02 crore

Maturity corpus: Rs 1.07 crore

Investing In Mutual Fund SIPs:

Monthly investment needed: Rs 10,000

Tenure: 21 years

Total investment: Rs 25.2 lakh

Expected returns: 12%

Estimated returns: Rs 79.1 lakh

Maturity corpus: Rs 1.04 crore