A monthly SIP of ₹11,000 can grow into ₹1.5 crore, assuming a 12% annual return, in about 23 years, said NDTVProfit. With a 10% annual step-up in the SIP, the same goal can be achieved in 18 years. A long-term horizon is crucial for accumulating ₹1.5 crore through a monthly SIP of ₹11,000.