While moving towards prosperity in life, consideration of money is a common thing. Acquiring the amount of Rs 10 crore can be an important step towards realizing the dreams. Here, a thoughtful approach is offered to look at how the average person can achieve this important goal. Investing and accumulating wealth requires thoughtfulness and patience.
Investing Rs 10 crore with determination and patience paves the way to achieve dreams. SIP (Systematic Investment Plan) is a good and safe financial solution. It lets you invest money at regular intervals.
- 10 years: If you want to deposit Rs 10 crore in 10 years, you need to start a monthly SIP of Rs 4,37,649.
- 20 years: If your time period is 20 years, you need to start a monthly SIP of Rs 1,21,374.
- 30 years: If your time period is 30 years, then you need to start a monthly SIP of Rs 34,191.
SIP investment suggestion
To achieve the wealth goal, investments like SIP require time, patience, and consistent efforts. So, keep your voice and invest towards a better future. With the belief that every obstacle can be overcome with dedication and effort, you too can achieve your dreams.
The right way to create wealth: How to create a fund of Rs 10 crore in 10 years
Raising a fund of Rs 10 crore is not an easy task, but it is possible. To achieve this objective right investment is required which requires you to start SIP with a larger amount. If you do a monthly SIP of Rs 4.30 lakh continuously for 10 years, and this investment gives an annual return of 12%, then you can make Rs 10 crore in 10 years.
If you invest in the same fund which can give you returns of up to 15%, then you will have to invest in a SIP of Rs 3.60 lakh. If you invest in a fund that gives returns of up to 18%, you can make Rs 10 crore in 10 years by investing in a SIP of Rs 2.95 lakh.
So, by making the right investments and being patient, you can build a corpus of Rs 10 crore in 10 years. Remember, it is important to choose the right investment and invest regularly.
Knock on dreams: How to create a fund of Rs 10 crore in 20 years
Building a corpus of Rs 10 crore over a time period of 20 years requires right investment and patience. Here, are your chances of achieving your goal with different investment options:
- 12% annual return: To generate returns of 12% every year, you need to invest Rs 1 lakh per month in SIP. In this way, you can create a fund of Rs 10 crore in 20 years.
- 15% annual return: To generate returns of up to 15% every year, you need to start a SIP of Rs 66,000 every month. Thus, you can achieve your goal.
- 18% annual return: If you opt for an investment that can give returns of up to 18%, you will have to invest Rs 43,000 in SIP every month. With this return, your goal is likely to be achieved.
Dhanrashi’s journey: The way to create a fund of Rs 10 crore in 30 years
Choosing the right investments and patience is crucial to building a fund of Rs 10 crore over a long time period of 30 years. You can achieve your goal with the following options:
- 12% annual return: To generate returns of 12% every year, you need to invest Rs 28,000 per month in SIP. In this way, you can create a fund of Rs 10 crore in 30 years.
- 15% annual return: To generate returns of up to 15% every year, you need to start a SIP of Rs 14,000 every month. Thus, you can achieve your goal.
- 18% annual return: If you opt for an investment that can give returns of up to 18%, you will have to make an SIP of just Rs 7,000 every month. With this return, you can achieve your goals.
If the monthly income is between Rs 30 to 40 thousand, then it will not be difficult to make a monthly investment of Rs 7,000. Thus, by compounding growth on small investments, you can achieve your dreams.