How To Become Crorepati: Experts say that by investing money in equity mutual funds in the long term, the dream of becoming a millionaire can be achieved.
How To Become A Crorepati: During the Corona period, many people’s life-long deposits were spent on treatment and other things. However, if any person saves a little daily, then he can also collect a good amount of capital in the long run. It has often been seen that many people dream of becoming a millionaire. Although it is not easy for any person to fulfill the dream of a millionaire, but if certain things are taken care of and the right investment strategy is made, then this dream can also be realized. Experts say that if a young man starts a job at the age of 20, he can easily become a millionaire when he retires at 60.
You can start investing like this,
experts say that by investing money in equity mutual funds in the long term, the dream of becoming a millionaire can be achieved. For this, the investor can achieve the goal of becoming a millionaire by saving Rs 35 a day. He says that whenever there is a big correction in the stock market, then SIP should be started from those levels. Also, investing in Diversified Equity Mutual Funds for long term is also beneficial from the initial days of the job. Assuming an average annual return of 12 per cent in the long term, one can become a millionaire. However, its investor will have to start saving only Rs 35 per day i.e. about Rs 1,050 every month.
Along with younger age people can also become millionaires
Experts say that suppose a person who started a job at the age of 20 wants to retire in 60 years, then he will have to invest Rs 1,050 every month. He will achieve more than Rs 1 crore at the rate of 12 per cent compound interest. Experts say that along with younger people, older investors can also become millionaires, although for this they also have to take care of some special things. For example, suppose an investor who started a job at the age of 35 wants to become a millionaire when he retires at 60, then he will need to invest Rs 5,875 every month. That investor will get around Rs 1 crore at the rate of 12 per cent compound interest.
