How much do I need to invest to make 1 crore in 10 years?
Your goal of building a corpus of Rs 1 crore in the next 10 years will require a monthly investment of roughly Rs 50,000 assuming a 10\% compounded annual growth rate (CAGR).
How do you get your first crore?
Now, let’s look at different scenarios and check how many years it will take to fulfill your dream of becoming a crorepati. The number of years it will take to reach your target of Rs. 1 crore will largely depend upon the returns you get….
Category | 10-year Return |
---|---|
Large Cap | 13.50\% |
Large & Mid Cap | 15.94\% |
Flexi Cap | 14.52\% |
How to invest Rs 1 crore in 5 years?
To get to Rs 1 crore in five years, you need to invest at least Rs 1.2 lakh, assuming an annual return of 12 per cent per year. You might get around Rs 45 lakhs if you invest Rs 50,000 for five years.
How to build a corpus of Rs 1 crore after 12 years?
To get a corpus of Rs 1 Crore after 12 years, you need to invest Rs 31,000 a month in equity mutual fund SIPs (this is based on 12\% return assumption). You are already investing Rs 24,000 a month. Therefore, you need to increase your saving by Rs 7,000 a month in order to achieve the above goal.
How much monthly SIP should I do to reach 1 crore?
Let’s see how much your monthly SIP should be if you need 1 crore in 1 year, in 5 years and in 12 years. To reach this corpus, let us assume, the expected rate of return on your returns is 6.5\%. Then using, Groww SIP calculator, you would be required to do a monthly SIP of Rs 809000 approx, every month to reach 1 Crore in a year.
What are the best mutual funds for investing Rs 20 lakhs?
Franklin India Prima Fund and HDFC Small Cap will be good options for investing the remaining Rs 20 lakh in mid- and small-cap funds. I want to invest Rs 8 lakh for 5-10 years.