New Delhi, Nov. 15 -- Building a retirement or long-term investment corpus of Rs.1 crore is a major financial milestone for many investors. A systematic investment plan (SIP) in mutual funds can help achieve this goal by allowing individuals to invest a fixed amount regularly rather than committing a large sum at once.

However, the time required to accumulate Rs.1 crore depends on several factors, including the monthly investment amount, investment duration and returns generated by the mutual fund scheme.

Investors can choose from different categories of mutual funds, including equity, hybrid and debt funds, depending on their financial goals and risk appetite.

An SIP is an investment facility offered by mutual funds that allows invest...