NEW DELHI: How does one become a crorepati? It's a question that remains dominant in the lives of almost all of us. Many of us struggle throughout our lives to ensure that we can become one, and until and unless one is a big corporate honcho or high-profile businessman, such dreams remain a dream for the ordinary middle class Indian . That dream car, the dream house and the dream retirement elude us all, but they shouldn't. The answer to those dreams lies in the equity market . To be more specific, the answer lies in systematic investment plans (SIPs) of equity mutual funds. "If a retail investor invests in a diversified equity fund through a systematic investment plan over the long term, she/he can become a crorepati. For example, Rs 20,000 invested through a monthly SIP for about 15 years can grow to over Rs 1 crore, if you assume a rate of return of 12 per cent," Nimesh Shah, MD & CEO, ICICI Prudential AMC, said in an interview with ETMarkets.com....
