To accumulate Rs 1 crore on a monthly salary of Rs 1 lakh, smart investment choices and a disciplined saving strategy are essential. Patience and discipline are crucial factors which can help you to be crorepati. But Regular investments over a reasonable period are necessary. You should avoid withdrawals hastily, especially during market downturns.
How to become crorepati by investing in mutual fund
Equity mutual funds have historically delivered decent returns when held for 7-10 years, making them ideal for long-term wealth building.
Best Crorepati Investment Plan
Experts recommend systematic investment plans (SIPs) in mutual funds as a Best crorepati investment plan, particularly equity mutual funds, for long-term wealth generation. Equity investments, despite higher risk compared to debt or hybrid funds, have historically outpaced inflation, making them ideal for long-term goals. The NIFTY 50 Total Return Index has delivered annual returns of 13.5% in the last 10 years, 13.4% in the last 15 years, 16.2% in the last 20 years, and 13.8% in the last 25 years. Offcourse this can help you if you are are asking “Can I earn 1 crore from stock market in 1 year”
To achieve the Rs 1 crore milestone, it is essential to invest 15-20% of monthly income from a monthly salary of Rs 1 lakh. This amount depends on factors like investment horizon and expected returns. Higher monthly contributions will shorten the timeline, while smaller contributions will take more time.
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The amount of money needed to reach the Rs 1 crore milestone is the next obvious question. A number of variables, including the investment horizon and anticipated returns, influence the optimal investment quantity. Let’s go over how much you must invest in a mutual fund to receive Rs 1 crore. Even though one lakh per month might not seem like much, it is essential to set aside money each month in order to accumulate significant wealth. You can reach the Rs 1 crore milestone in a respectable amount of time by investing 15–25% of your monthly income. Remember that the timescale will be shorter the larger the monthly contributions. It will take you longer to reach your crorepati if you make a tiny monthly contribution.
If you invest 15% of your salary in an equity mutual fund with a 12% annual return, you can accumulate Rs 1 crore in 211 months, Rs 20,000 in 185 months, and Rs 1.01 crore in 166 months, based on consistent returns.
