New Delhi, Oct. 9 -- One of the most seamless ways to achieve long-term financial goals is by investing money in mutual funds through systematic investment plans (SIPs).

It really helps when your goals are clearly defined and have a specific timeline. For instance, when you know that you would need Rs.1 crore in the next 10 years, i.e., around the same time in 2035, then how much monthly commitment to mutual funds via SIP you would need.

With the help of the SIP calculator, we have ascertained the amount of EMIs. Notably, your monthly contribution would vary based on the rate of return delivered by the investment.

When the annual return is 12%, the EMI required to accumulate Rs.1 crore would be Rs.43,471. This way, you will end up inve...