How much should I invest in a mutual fund per month to expect a sum of 1 Cr in the next 7 years? I am presently investing 55,000 per month for the last 4 months only.

Starting on the journey to build a wealth of 1 Crore in the span of 7 years is a commendable goal. The path towards this financial milestone requires a strategic approach, and mutual funds (as well as stocks) serve as a powerful vehicle to propel you forward.

1. Current Investment Assessment: With your ongoing investment of 55,000 INR per month for the last 4 months, you have already laid the groundwork. However, to gauge how much more you need to invest, a closer look at expected returns is essential.
2. Expected Returns and Investment Horizon: Mutual funds, especially equity-oriented ones, have the potential to offer substantial returns, but they come with their share of volatility. For a 7-year horizon, a conservative estimate of annual returns would be around 12%. This takes into account market fluctuations and the inherent risks associated with mutual funds.
3. Use of SIP Calculator: Utilising a Systematic Investment Plan (SIP) calculator can provide a clear picture. By inputting your desired target amount, investment horizon, and expected rate of return, the calculator can estimate the required monthly investment.
4. Unbiased Financial Advisory: Engaging with a financial advisor can offer tailored advice, considering your risk profile and financial goals. Financial advisory services can play a pivotal role in ensuring your investment strategy is sound and in alignment with your 1 Crore target.
5. Regular Portfolio Review: The journey to 1 Crore is not a set-and-forget affair. Regular reviews and rebalancing of your mutual fund portfolio are crucial. This ensures that your investments are performing optimally and adjustments can be made as needed.
6. Enhance Investment as Income Grows: As your income grows over the years, consider increasing your monthly mutual fund investment. This accelerates the wealth accumulation process, bringing you closer to your 1 Crore goal.

To sum up, achieving a corpus of 1 Crore in 7 years through mutual funds is a tangible goal. With a strategic approach, disciplined investing, and the guidance of expert investment advisory services, you are well on your way to financial prosperity.