Mutual fund calculator: Your ₹500 per day savings can make you a crorepati (2024)

FAQs

How to get 1 crore in mutual fund? ›

The rule says to achieve the goal of earning Rs 1 crore, an investor should invest Rs 15,000 monthly through SIP for 15 years, considering a 15% annual return from an equity fund. Consistent adherence to this strategy can lead to significant wealth accumulation.

For instance, you open a SIP in a mutual fund with an investment of Rs 5,400 every month. At 12% interest rate per annum, you will get Rs 49.6 lakh after 20 years. Now, increase your investment by 5% every year. So in the second year, you have to invest Rs 5,670 every month.

If you initially invest Rs 7,500 a month in SIP and increase the amount by 5% every year, you can save Rs 1 crore in 20.3 years (244 months). If you increase it by 10% every year, you can achieve your goal in little less than 18 years (215 months).

As you know there are no fixed returns in mutual funds but you can expect around 8% - 10% in Debt hybrid funds, around 10% - 12% in equity hybrid funds and 12%-15% in equity funds if you have a long-term horizon.

Meaning of the 15-15-15 rule in Mutual Funds

The Investment: You should invest Rs 15,000 per month. The Tenure: The total of your investment should be 15 years. It means that you will invest Rs 15,000 every month for the next 15 years. The Return: Your expected returns on your investment should be 15%

For instance, if you invest Rs. 10,000 in a mutual fund (at 10% interest rate per annum), you gain an interest of Rs. 1,000 at the end of the year. Now, you start making interest not just on the original Rs. 10,000 you invested but also on the Rs. 1,000 you have received as interest.

The SIP calculator shows that a monthly investment of Rs 5000 in the direct plan of this scheme would have grown to approx. Rs 30.5 lakh in 10 years. Monthly SIP of Rs 5000 in the regular plan would have grown to approx. Rs 28.6 lakh in 10 years.

In 26 years, you can accumulate a Rs 1 crore corpus if you begin investing Rs 5,000 per month in mutual fund SIP. Here the interest rate, let's assume, remains constant at 12 per cent per annum.

What documents are required for an FD of ₹1 Crore? Documents required for an FD of ₹1 Crore include proof of identity, address, and income. Commonly accepted documents for this include your passport, voter ID, Aadhaar card, ration card, and driving license. However, the requirements may vary depending on the issuer.

Assuming Rs 1 lakh monthly withdrawal, `1 crore corpus could last 15 years with 10% return. Adjusting for a 6% inflation, the corpus may last nine years with increasing withdrawals. To ensure sufficient funds for 15-18 years, reduce monthly withdrawals to Rs 60,000-70,000.

Is 30 crore enough to retire in India? ›

In other words, your retirement corpus should be at least 30 times your annual expenses of today. For example, if you are 50 years old and your monthly expenses are Rs 75,000 (or annually Rs 9 lakh), then as per the 30X rule, you need 30 times Rs 9 lakh to retire comfortably. That is Rs 2.70 crore.

Summary. Learn about the 8-4-3 rule of compounding, where investments double within 8, 4, and 3 years, showcasing exponential growth. It emphasizes staying dedicated to investment plans, guarding against inflation, and adapting to market changes.

Answer: 1 Crore Indian Rupees is equivalent to approximately 120,382 US Dollars. This conversion is based on the current exchange rate, where 1 Indian Rupee equals 0.0120382 US Dollars.

Assuming your life expectancy to be 80-90 years, this corpus shall easily help you get Rs 1.5 lakh per month for your retirement. The only suggestion is to have adequate medical insurance and term insurance in place.

In order to make 1 crore in 10 years, here are the following amount one needs to invest. An individual can invest INR 38,050 to get 15% annual interest. Hence, in 10 years, the amount will be INR 1,0,09,124, and the investor will achieve the target of making 1 crore in 10 years.

The answer is Yes. ETMutualFunds did some data crunching and found that a monthly SIP of Rs 20,000 would have turned you into a crorepati in a decade. The toppers in the list were from Quant Mutual Fund. A monthly SIP of Rs 20,000 in Quant Small Cap Fund would have grown to Rs 1.04 crore in the last 10 years.

1 crore = 100 Lakhs

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