Can I earn 1 crore from mutual funds?
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Can I earn 1 crore from mutual funds?
Easiest Way of Accumulating Rs 1 crore With Mutual Funds The easiest way of amassing Rs 1 crore with mutual funds is following the 15*15*15 rule. It says that if one invests Rs 15,000 a month for a period of 15 years in a fund, which offers returns at the rate of 15\%, then they would accumulate Rs 1 crore.
Which is the most profitable SIP?
The table below shows the best equity funds:
| Mutual fund | 5 Yr. Returns | 3 Yr. Returns |
|---|---|---|
| Aditya Birla Sun Life Digital India Fund – Growth-Direct Plan | 33.94\% | 42.29\% |
| ICICI Prudential Technology Fund | 33.31\% | 41.25\% |
| TATA Digital India Fund DIRECT Plan Growth | 35.44\% | 41.05\% |
| Quant Infrastructure Fund – Direct Plan-Growth | 27.53\% | 39.83\% |
What is the value of 1 crore after 20 years?
After 20,25 and 30 years, the worth of Rs 1 crore will be about Rs 37.68 lakh, Rs 29.53 lakh and Rs 23.13 lakh respectively assuming an average inflation rate of 5 per cent.
How to make Rs 1 crore with a sip of 5000 per month?
Even if you cannot start with a big amount, you can still make it Rs. 1 Crore with a SIP of 5000 per month. It can be achieved by gradually increasing your SIP 5000 per month with an increase in your income. Here is how you can do that! You can simply increase your SIP of 5000 per month by a certain percentage.
How much should I invest in SIP for 20 years?
You can begin with a small amount like Rs. 500 to start your SIP, and with a continuous SIP of Rs. 5000 per month for tenure of 20 years or so you can build a corpus of Rs. 1 Crore. You can easily compare different SIP schemes online and check out various mutual fund portfolios.
How to become a Crorepati in 20 years with SIP?
Now, if you want to become a crorepati in a span of 20 years with your SIP investment then you can invest Rs. 5500 per month in a SIP and increase the SIP amount every year by 9\%. it helps in creating a higher corpus as illustrated below.
How to build a corpus of Rs 1 crore after 12 years?
To get a corpus of Rs 1 Crore after 12 years, you need to invest Rs 31,000 a month in equity mutual fund SIPs (this is based on 12\% return assumption). You are already investing Rs 24,000 a month. Therefore, you need to increase your saving by Rs 7,000 a month in order to achieve the above goal.