Once upon a time there was a desire in people’s mind that they should have at least 1 lakh rupees. But now this desire has increased to Rs 1 crore. Although it is also true that earlier it was difficult to create a fund of Rs 1 lakh, because the income of the people was less. But nowadays if people do financial planning, then they can easily create a fund of Rs 1 crore.
If you also want to create a fund of Rs 1 crore, then you can get complete information here.
Know 3 ways to become a millionaire
Here information is being given to prepare a fund of Rs 1 crore in 3 ways,
first by investing a little more, a fund of Rs 1 crore should be prepared soon.
Second, a fund of Rs 1 crore should be created in the long run with low investment.
And the third way is to start investing a little less now, and increase it every year. With this, a fund of Rs 1 crore can be created easily.
How to create a fund of Rs 1 crore in a short time
If you have an investment worth Rs 10000 every month, then you can create a corpus of Rs 1 crore in your 20 years. In this, you will have to invest Rs 10,000 a month in such a mutual fund scheme, which gives an average return of 12 percent. In such a situation, you will have a fund of Rs 1 crore ready.
Know and know how to create a fund of Rs 1 crore soon
If you invest Rs 15,000 a month instead of Rs 10,000, you will create a corpus of Rs 1 crore in 17 years.
On the other hand, if you invest Rs 20,000 a month, then a fund of Rs 1 crore will be ready in 15 years.
Now know how to create a fund of Rs 1 crore with less investment
If you have less money to invest, don’t worry. In such a situation, you will have to spend a little more time with less investment. If you keep investing Rs 3000 a month continuously for 30 years, then you will have a fund of Rs 1 crore ready.
Now know how soon you can become a millionaire by increasing investment every year
If you start investing in a good mutual fund scheme from Rs 1100 a month and grow by 11% every year, you will easily become a millionaire in 30 years. Here, by increasing the investment every year, it means that in the first year, 1100 rupees a month, then the next year by increasing 11 percent of this 1100 rupees, invest. Next year again increase the total investment by 11 percent. If you keep doing this for 30 years, then even starting from Rs 1100, crores can be made.
In this way you can become a millionaire soon
If you start investing with Rs 2100 a month instead of Rs 1100, and keep increasing it by 11 per cent every year, you will become a millionaire in just 25 years.
Top 11 Mutual Fund Schemes With Best Returns
- First Know Top 5 Schemes
SBI Small Cap Mutual Fund Scheme has given an average return of 23.58 per cent in 5 years.
- Nippon India Small Cap Mutual Fund Scheme has given an average return of 22.84 per cent in 5 years.
- Axis Small Cap Mutual Fund Scheme has given an average return of 22.09 per cent in 5 years.
- Kotak Small Cap Mutual Fund Scheme has given an average return of 21.62 per cent in 5 years.
- PGIM India Midcap Mutual Fund Scheme has given an average return of 21.02 per cent in 5 years.
Know the rest of the top 6 mutual fund schemes
- Axis Midcap Mutual Fund scheme has given an average return of 20.88 per cent in 5 years.
- Edelweiss Midcap Mutual Fund scheme has given an average return of 19.46 per cent in 5 years.
- Kotak Emerging Equity Mutual Fund Scheme has given an average return of 19.16 per cent in 5 years.
- Invesco India Midcap Mutual Fund Scheme has given an average return of 19.08 per cent in 5 years.
- Nippon India Growth Mutual Fund Scheme has given an average return of 17.63 per cent in 5 years.
- The DSP Midcap Mutual Fund scheme has given an average return of 17.33 per cent in 5 years.
