LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Personal Finance News

Forget Kaun Banega Crorepati, you can earn your own Rs 10 crore this way

You can accumulate wealth as much as Rs 10 crore in the next 20 years, if you start investing now. This is when if the average rate of return is just 12 per cent.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Forget Kaun Banega Crorepati, you can earn your own Rs 10 crore this way
You also have to keep in mind the volatility of the stocks market while investing in the equity. Reuters
Written By: Akash Sinha
Updated: Sun, Sep 16, 2018
11:01 am
ZeeBiz WebDesk
RELATED NEWS
Gold ETF: EXPLAINED! Here is why exchange-traded fund is the safest and simplest way to invest in the yellow metal Gold ETF: EXPLAINED! Here is why exchange-traded fund is the safest and simplest way to invest in the yellow metal
Cryptocurrency: Mood of the nation! REVEALED - Crypto investor behaviour trends Cryptocurrency: Mood of the nation! REVEALED - Crypto investor behaviour trends
Happy Children's Day 2020: TOP INVESTMENT TIPS for every parent to secure a financially stable future for their kids Happy Children's Day 2020: TOP INVESTMENT TIPS for every parent to secure a financially stable future for their kids
VGIR 2020: PM Narendra Modi to chair Virtual Global Investor Roundtable - All you need to know VGIR 2020: PM Narendra Modi to chair Virtual Global Investor Roundtable - All you need to know
6th CII WR Digital MSME Summit and Exhibition 2020: Recreating MSMEs in the New Normal World! Key takeaways 6th CII WR Digital MSME Summit and Exhibition 2020: Recreating MSMEs in the New Normal World! Key takeaways

Apart from winning the Kaun Banega Crorepati hosted by Amitabh Bachchan, there are other ways also to become a crorepati, legally. However, there isn't any shortcut to that. Becoming a crorepati is a dream of many but achieved by only a few. To get your name into the crorepati club, you need to follow some investment ideas and systematic plans.

You can accumulate wealth as much as Rs 10 crore in the next 20 years, if you start investing now. This is when if the average rate of return is just 12 per cent.

"To accumulate Rs 10 crore in 20 years, one needs a monthly investment of at least Rs 1 lakh. It's assumed that this investment earns a 12% return annually after adjusting the tax to be paid on the gains. So, we are expecting a pre-tax return of 13-14%, since there is a 10% long-term capital gains tax on equity," said Jitendra Solanki, Founder, JS Financial Advisors.  

Solanki further said that these kinds of returns are only possible through equity investment.

"These kinds of returns can be achieved only through equities. One can invest in a mix of large-cap, multi-cap and mid-cap mutual funds scheme to accumulate the desired corpus. However, any investment is good if the asset allocation is done as per one's risk profile," he said.

Watch This Zee Business Video

However, one might question if investing 100% in equity viable when other investment options like debt or gold don't generate high returns?

"Investing 100% in equity may not be viable which means you need to cut down on the return expectation since other asset classes like debt or gold do not generate such high returns. If the returns are lowered then you will need a higher contribution. So, one has to match the target corpus with the returns one can generate on investments and see if it is achievable," said Solanki.

You also have to keep in mind the volatility of the stocks market while investing in the equity. It's always better to keep your funds diversified and balanced in order to avoid market shocks. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Investmentequity investment
RELATED NEWS
Gold ETF: EXPLAINED! Here is why exchange-traded fund is the safest and simplest way to invest in the yellow metal Gold ETF: EXPLAINED! Here is why exchange-traded fund is the safest and simplest way to invest in the yellow metal
Cryptocurrency: Mood of the nation! REVEALED - Crypto investor behaviour trends Cryptocurrency: Mood of the nation! REVEALED - Crypto investor behaviour trends
Happy Children's Day 2020: TOP INVESTMENT TIPS for every parent to secure a financially stable future for their kids Happy Children's Day 2020: TOP INVESTMENT TIPS for every parent to secure a financially stable future for their kids
VGIR 2020: PM Narendra Modi to chair Virtual Global Investor Roundtable - All you need to know VGIR 2020: PM Narendra Modi to chair Virtual Global Investor Roundtable - All you need to know
6th CII WR Digital MSME Summit and Exhibition 2020: Recreating MSMEs in the New Normal World! Key takeaways 6th CII WR Digital MSME Summit and Exhibition 2020: Recreating MSMEs in the New Normal World! Key takeaways

LATEST NEWS

PUBG Mobile 1.3 beta update: APK download link for global version - Check all details here!

Vodafone Idea: Vi brings Wi-Fi calling service in Delhi | Check full list of phones

Aly Goni: Wanted Jasmin Bhasin and me to be the top two on ''Bigg Boss 14''

Special Picks with Anil Singhvi: Market experts recommend Graphite India and Symphony shares for massive returns

Samsung Galaxy A32 India launch soon: Packs 64MP quad-camera setup and 5000mAh battery

Gold Price Today – Yellow metal cheaper by Rs 160 on Thursday; Silver by Rs 18; Know what to expect today

7th Pay Commission: DA, TA, DR, salary hike—what central government employees and pensioners must know

Bharat Bandh Today: Check FULL List of where it will impact daily life

''The Great Gatsby'' to be made into animated feature film

Heranba Industries IPO Subscription: Al the details highlighted for Investors

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved