How to become a crorepati at a young and mid age check details Varpat
Last updated:
How to become a Crorepati: If you want to become a millionaire (Crorepati Kaise Bane), then for this you should come to invest more with a little bit wisely. However, the dream of becoming a millionaire is not easy but …Read more
You can get a big return in Recurring Deposit.
New Delhi. Everyone dreams of becoming a millionaire, but not everyone can become. If you want to become a millionaire (Crorepati Kaise Bane), then for this you should come to invest more with a little bit wisely. However, the dream of becoming a millionaire is not easy, but if some special things are taken care of and the correct investment strategy is made, then this dream can be realized.
Know what to do?
According to market experts, if a young man starts a job at the age of 20, then he can easily become a millionaire if he retires in 60 years. Experts say that by investing money in equity mutual fund in the long term, the dream of becoming a millionaire can be achieved.
Also read- Bajaj Allianz has launched a new policy, 43 serious diseases will be treated! You will get many benefits, check details ..
Invest here?
According to experts, you can achieve the target of becoming a millionaire by saving Rs 35 daily. Whenever a big correction comes in the stock market, Systematic Investment Plan- SIP should be started from those levels. Investors should start investing for long term in diversified equity mutual funds from the early days of the job. If you follow the return at the rate of 12 per cent annually in the long term, then you can become a millionaire. However, its investor will have to start a savings of just Rs 35 daily i.e. about Rs 1,050 every month. If you start a job at the age of 20 and want to retire in 60 years, you will have to invest Rs 1,050 every month. He will achieve more than Rs 1 crore at the rate of compounding (compound interest) of 12 per cent.
Also read- Cheap Home Loan is getting in these 10 banks, know how little EMI will have to give? See full list
Even older can become millionaires
Older investors can also become a millionaire, for this they also have to take care of some special things. If the investor who starts a job at the age of 35 wants to become a millionaire if he retires in 60 years, then he will need to invest Rs 5,875 every month. The investor will achieve about Rs 1 crore at the rate of compounding (compound interest) of 12 per cent.
