Crorepati Plan: Become a Crorepati in just 8 Years! Fulfill your Dream by Investing in Gold and Mutual Funds with this Easy Method

Crorepati Plan: Building a corpus of Rs 1 crore is a dream for many people in India. The ambitious goal of becoming a crorepati may seem overwhelming, but it can be easily achieved with discipline and a well-planned investment strategy. Reaching your first Rs 1 crore target is a remarkable milestone and it ensures financial security. Even by investing small amounts regularly, you can achieve this goal easily.

Irrespective of the investment instruments, consistency and long-term planning are crucial for your crorepati goal. By investing regularly and allowing compounding to do its work, your wealth can gradually build into a significant amount. Diversification of your investments across different assets, such as gold and mutual funds, could be helpful to achieve your goal conveniently.

Here’s a breakdown of how you can make investments to achieve a target of Rs 1 crore in eight years.

Investing In Gold

Gold is considered a reliable investment option and plays a vital role in creating a diversified portfolio.

• Monthly investment needed: ₹ 25,000
• Expected returns: 10% per annum
• Total investment: ₹ 24 lakh
• Estimated returns: ₹ 12.14 lakh
• Maturity corpus: ₹ 36.14 lakh

Investing In Mutual Fund SIPs

Investing in mutual funds via Systematic Investment Plans (SIPs) is a popular way to build wealth over the long term.

• Monthly investment needed: ₹ 30,000
• Expected returns: 12% per annum
• Total investment: ₹ 28.8 lakh
• Estimated returns: ₹ 18.31 lakh
• Maturity corpus: ₹ 47.11 lakh

Investing In Mutual Fund Lump Sum

If you have a lump sum amount to invest, it can significantly boost your journey towards your financial goal.

• Total investment: ₹ 9 lakh
• Expected returns: 12% per annum
• Estimated returns: ₹ 13.28 lakh
• Maturity corpus: ₹ 22.28 lakh

The calculations above illustrate how it is possible to achieve a corpus of over Rs 1 crore (₹36.14 lakh + ₹47.11 lakh + ₹22.28 lakh = ₹1.05 crore) in eight years by making regular investments in various assets. However, it is important to note that investments in mutual funds and gold are subject to market risks. The actual rate of returns can vary due to multiple factors. It’s also important to note that the returns will attract capital gains tax.

Important Note:
Before choosing a mutual fund, take time to assess how much risk you’re comfortable with and review the specific terms of each option. An online SIP calculator can help you map out your investment strategy effectively.

Disclaimer: The information provided in this article is for informational purposes only. Please consult with a financial advisor before making any investment decisions.