New Delhi, Sept. 23 -- If you aim to accumulate Rs.1 crore in a decade to meet your long-term financial goals, such as retirement or buying a house, what could you possibly do to make this happen? One way to do this is to put sufficient money in a fixed deposit (FD) or gold and allow it to grow over a long period of time. It's definitely safe, but a quite long process. Ain't it?

The other option is to invest in securities in tranches and allow the investment to reach Rs.1 crore in 10 years. This is quite feasible but risky.

Alternatively, one could invest small amounts of money in mutual funds via SIPs (systematic investment plans) every month over the next 10 years so that the investment swells to Rs.1 crore in the required time.

Howe...