Can SIP or mutual funds make a person rich?

Rich definition depends on person to person. Sip will benefit in long term if done with decipline.

जब तक sip करोड़पति बनाएगी तब तक करोड़पति की वैल्यू कुछ नही रहेगी जैसे आजकल लखपतियों की नही है।
वैसे आपको sip जरूर करनी चाहिए इससे सिस्टमैटिक इन्वेस्टमेंट की आदत हो जाती है।

hmmm investing makes you rich, 

SIP is just one of the way in investing:)) there are lots of ways to do investing:) 

so one way wont make you rich but if you try lot of other ways of possibilities then one day you WILL become rich:)  all the very best:)

Yes. Any investment can make you rich. Mutual funds are also one such. But try to increase the SIP amount if you can.

1) Ans:-Do sip in good company with growth potential that will gonna make you rich,Not this.

2)Ans:- yes, you should.

SIP is only the best option, It will give you compound growth. But you have to invest atleast 30 Years to get Unbeliveble returns. Check the SIP calculator for further clearification

30k per month at 12% will return you 50 lac in 8 year

Keep it for 4 more years and you will get 1 cr after 8+4 year

Keep it continue for another 3 year, you will get 1.5 Crore

Add another 5 year and it will become 3 crore in 20 years

Just 30k sip can return u 3 cr in 20 years..

I think its best option for people who don't follow share market but still get benefit.... Of course long term investment is required