For such ambitious targets, ‘step-up’ technique plays a very crucial role in the investment journey. It is a strategy where investors gradually increase their investment amounts over time. Typically, investors align the step-up strategy with their income growth. This allows them to steadily increase them over time without stressing their finances.

Rs 1 crore corpus via mutual funds:

• Monthly amount: Rs 30,000

• Step Up % (annual): 10%

• Investment duration: 10 years

• Expected rate of return: 12%

• Invested amount: Rs 57,37,472

• Estimated returns: Rs 43,85,505

• Total value: Rs 1,01,22,978

Rs 1 crore corpus via gold:

• Monthly amount: Rs 33,000

• Step Up % (annual): 10%

• Investment duration: 10 years

• Expected rate of return: 10%

• Invested amount: Rs 63,11,220

• Estimated returns:: Rs 37,40,091

• Total value: Rs 1,00,51,311

As seen, mutual funds have the potential for generating higher returns, but investors should note that these returns are not guaranteed. Both gold and mutual funds outperformed each other in certain economic cycles, depending on factors like geopolitical environment, economic growth, etc.

As a result, investors are advised to thoroughly understand the risks of their investment journey. For best outcome, they can consider talking to a financial expert.