Hello guys, Welcome to Africa's Largest Video Search Engine, and you are watching How To Make Rs. 5 Crore By Investing Rs. 5,000 p.m | How To Become Rich With SIP Mutual Funds. and this video is uploaded by BankBazaar at 2019-07-04T00:48:51-07:00. We are just promoting this video only for entertainment and educational purpose only. I hop you like our Video Search Engine. [7M2mumSl4mg]
| Name | How To Make Rs. 5 Crore By Investing Rs. 5,000 p.m | How To Become Rich With SIP Mutual Funds |
| Video Uploader | Video From BankBazaar |
| Upload Date | This Video Uploaded At 04-07-2019 07:48:51 |
| Video Discription | In this video, we can help you answer the question, 'how to become a crorepati by investing in mutual funds?'. We will take you step-by-step through how you can accumulate Rs. 5 crore by starting out with an investment of just Rs. 5,000 per month. How To Become Rich - The Investment Strategy: Whether your target is 1 crore, 2 crore, 5 crore or even 10 crore, it is possible through systematic, disciplined investing and of course, the power of compounding. Remember, this is a long-term goal, and so it is advisable to invest in equity mutual funds. The second thing to consider is that your income will increase over time. This means that you should increase the amount you invest every year by at least 10%. Here is a helpful chart that lists how much you will need to invest every month over the next 30 years to reach your 5 crore target. Year 1 - Rs. 5000 (Rs. 60000 p.a) Year 2 - Rs. 5500 (Rs. 66000 p.a) Year 3 - Rs. 6050 (Rs. 72600 p.a) Year 4 - Rs. 6655 (Rs. 79860 p.a) Year 5 - Rs. 7321 (Rs. 87846 p.a) Year 6 - Rs. 8053 (Rs. 96631 p.a) Year 7 - Rs. 8858 (Rs. 106294 p.a) Year 8 - Rs. 9744 (Rs. 116923 p.a) Year 9 - Rs. 10718 (Rs. 128615 p.a) Year 10 - Rs. 11790 (Rs. 141477 p.a) Year 11 - Rs. 12969 (Rs. 155625 p.a) Year 12 - Rs. 14266 (Rs. 171187 p.a) Year 13 - Rs. 15692 (Rs. 188306 p.a) Year 14 - Rs. 17261 (Rs. 207136 p.a) Year 15 - Rs. 18987 (Rs. 227850 p.a) Year 16 - Rs. 20886 (Rs. 250635 p.a) Year 17 - Rs. 22975 (Rs. 275698 p.a) Year 18 - Rs. 25272 (Rs. 303268 p.a) Year 19 - Rs. 27800 (Rs. 333595 p.a) Year 20 - Rs. 30580 (Rs. 366955 p.a) Year 21 - Rs. 33637 (Rs. 403650 p.a) Year 22 - Rs. 37001 (Rs. 444015 p.a) Year 23 - Rs. 40701 (Rs. 488416 p.a) Year 24 - Rs. 44772 (Rs. 537258 p.a) Year 25 - Rs. 49249 (Rs. 590984 p.a) Year 26 - Rs. 54174 (Rs. 650082 p.a) Year 27 - Rs. 59591 (Rs. 715091 p.a) Year 28 - Rs. 65550 (Rs. 786600 p.a) Year 29 - Rs. 72105 (Rs. 865260 p.a) Year 30 - Rs. 79315 (Rs. 951786 p.a) Year 31 - Rs. 87247 (Rs. 1046964 p.a) Assumptions: - In this example, we will be assuming annual returns of 12% on your investment. - You will be investing Rs. 5,000 per month in the first year, which will keep going up by 10% with each passing year. How Much Could My Fund Be Worth Over Time? Watch the video to know how your money could grow over the years. If you keep investing in a steady, disciplined manner, then the compounding factor will help you greatly towards your goal of becoming a crorepati. What Role Does Compounding Play? Compounding makes your money work for you by generating earnings, which are then reinvested to generate their own earnings. The compounding process results in accelerated growth of the capital gains earned on your investment. How Do I Become Rich Fast? There are no shortcuts to becoming a crorepati. This is a long-term goal and you will have to be both patient and persistent to achieve it. Also, do your research thoroughly before you begin investing, because it is crucial to pick an equity mutual fund that can give you good returns in the long run. Keep track of how your investments are doing: Do remember to track the performance of your mutual fund schemes on a regular basis. You could review their performance every few months or every year. If the schemes are doing well, you can continue investing in them. If the schemes fail to perform for a year or more, then you should try to find the cause for this. Remember , there will always be some short-term volatility, which you can ignore. If you feel your fund is continuing to underperform, then you can consider transferring to a better performing mutual fund. DISCLAIMER: The examples shown in this video are for illustrative purposes only and should not be construed as financial or investment advice. Actual returns on investment may vary. Viewer is advised to consult with financial advisors before investing [7M2mumSl4mg] |
| Category | Howto & Style |
| Tags | how to become rich | how to become crorepati | mutual funds | how to earn rs 5 crore | crorepati | mutual funds crorepati | SIP investment | invest in SIP | mutual fund investment | how to get rich | crore | get rich fast | invest and make money | systematic investment plan | SIP |
