Ok. Now that you
and I have a dream we better get up and start working towards it. We have to
figure out the shortest and the surest way to become a crorepati. A few ways,
of course, are:
- Ø Winning a lottery
- Ø Winning the KBC show
- Ø Getting it in inheritance
- Ø Saving and investing with a plan that can get you there
Unless
I am really lucky or extra-ordinarily talented my chances of becoming rich are
slim by the first three ways. The fourth way seems to me like something that we
can do to achieve our goal.
I want to become
a crorepati in 10 years
Time
is running out on you. Though 10 years is not a long duration, it is not too
short either. So your dream can still be achievable.
•With
a return of 15% per annum, the amount of savings required each month is Rs
36,334/-.
•With
a return of 10% per annum, the amount of savings required each month is Rs
48,817/-.
•With
a return of 5% per annum, the amount of savings required each month is Rs
64,398/-
For instance, if an investor puts Rs 1,000 every month in SBI Magnum Emerging Business Fund - the best performer among all equity funds in the past five years - for five years (Rs 1,000 x 60 months = 60,000), he would have been sitting on approximately Rs 1 lakh today, which amounts to 21 per cent returns.
"SIP investments average out market volatility by a good measure. Also, it prevents investors from trying to time the market. We're promoting SIPs in a big way as it enables small investments at regular intervals
Sources-MC,ET,Valueresearch
For instance, if an investor puts Rs 1,000 every month in SBI Magnum Emerging Business Fund - the best performer among all equity funds in the past five years - for five years (Rs 1,000 x 60 months = 60,000), he would have been sitting on approximately Rs 1 lakh today, which amounts to 21 per cent returns.
"SIP investments average out market volatility by a good measure. Also, it prevents investors from trying to time the market. We're promoting SIPs in a big way as it enables small investments at regular intervals
As an investor you
always look forward to investing in an asset class that would maximize your
returns and history shows that equities as an asset have been most rewarding.
Investing in equities isn’t a cakewalk though. It requires a lot of patience
and research to build a fortune with equities.It is advisable to go with
systematic Monthly Investment {SIP}........
Start Your SIP today!!!
Sources-MC,ET,Valueresearch