New Delhi, July 13 -- One of the key goals of wealth creation is to meet your financial goals. The process gets simpler when your financial goal is specific, time-bound and defined by a number.

Suppose you want to accumulate Rs.1 crore over a period of 10 years, and intend to achieve it by investing your funds in mutual funds. One of the easiest ways to do this is to invest your money in mutual fund SIPs (systematic investment plans).

This not only allows investors to stick to an investment discipline but also enables them to make the most of rupee-cost averaging.

To accumulate Rs.1 crore by investing in mutual fund SIPs, investors must be mindful of two variables: the rate of return and the amount invested. The higher these two variab...