Quick Answer: How Much Money Do I Need To Invest 2 Crore In 15 Years?

Is 1 lakh a good salary?

1 lakh is not a small amount of money but it entirely depends on your lifestyle.

If you try to live a high end lifestyle, spending more than 80% of your income living that life, then 1 lakh will seem less.

Money is always relative be it in case of salary or luxury..

Is Rs 1 crore enough to retire?

On the face of it, a nest egg of Rs 1 crore appears big enough to sustain a retiree’s expenses for life. If put into an annuity plan when the individual is 60 years old, the corpus can yield a monthly pension of about Rs 70,000 for life. … A pension of Rs 52,000 might be sufficient today but won’t remain so forever.

Which SIP is best for 5 years?

Best SIP plans for 5 year investmentFund Name3-Year SIP Returns (%)5-Year SIP Returns (%)Kotak Emerging Equities Fund (Regular)6.54%9.73%INVESCO India Financial Services Fund (Regular)14.61%16.03%SBI Focused Equity Fund (Regular)12.40%12.94%Franklin Build India Fund (Regular)4.66%8.07%8 more rows•Jan 23, 2020

Which bank is good for SIP?

Best SIP Investment Plans in IndiaSIP PlansType3 YearICICI Prudential Equity & Debt FundEquity Fund11.11%ICICI Prudential Value DiscoveryEquity Fund7.34%Kotak Standard Multicap FundEquity Fund-1.28%L&T India Prudence FundBalanced Fund10.03%27 more rows•Jul 12, 2020

What will 100k be worth in 30 years?

Assuming a 7% rate of return (remember that returns aren’t guaranteed when you invest), the investor would need to make an initial contribution of $100,000 and put in about $155 a month for 30 years to end up with $1 million.

How can I earn 50 lakhs in 15 years?

My suggestion to you would be to direct the money into a nifty index fund like HDFC Index Fund Nifty 50 Plan and Mirae Asset Large Cap Fund. At an expected return of 12 per cent per annum, your monthly investment of Rs 10,000 would help you to create Rs 50 lakh, not accounting for income tax, in 15 years.

How can I invest 10 lakhs wisely?

Have you invested your ₹10 lakhs in these 10 ways?10 things to do with 10 lakhs. 1.Emergency funds. 2.Short-term funds. ELSS funds. 4.High growth funds. Its all about gold. 7.Mediclaim. 8.Term Insurance policy. Pay off your high-cost debt. 10.Retirement planning.Conclusion.

How do you make a corpus of 1 crore in 10 years?

To create Rs 1 crore in 10 years, you should invest around Rs 43,000 via monthly SIP in an equity mutual fund schemes. Again, we are assuming an annual return of 12 per cent. You should always identify your long-term financial goals and qualify them to arrive at a realistic target.

What will 50000 be worth in 20 years?

How much will an investment of $50,000 be worth in the future? At the end of 20 years, your savings will have grown to $160,357. You will have earned in $110,357 in interest.

What can I do with 1 crore?

Where do you invest to get maximum revenue if you have 1 crore rupees?Invest in real estate: Invest in real estate can be a very good option as you have a big amount which can easily be used. … Invest in stocks: If you can bear the risk, invest in stocks for a better revenue.More items…•

Does 401k double every 7 years?

If you want to double your money, the rule of 72 shows you how to do so in about seven years without taking on too much risk. … If you invest at an 8% return, you will double your money every 9 years. (72/8 = 9) If you invest at a 7% return, you will double your money every 10.2 years.

How can I get 1 crore?

To achieve this Goal in reality it takes 3–5 years. To make 1 crore you want to earn 3 lakh per month on average for 3 years. O Ohhh! This is the average annual salary of an Indian.

What will 10k be worth in 20 years?

How much will an investment of $10,000 be worth in the future? At the end of 20 years, your savings will have grown to $32,071.

What will be the value of 1 crore after 20 years?

Rs 1 crore might be too little Sure, Rs 1 crore is a large sum today. … Hold your breath: you need Rs 3.21 crore to buy the same house after 20 years, accounting for an annual inflation of 6 per cent. In other words, Rs 1 crore would be worth 1/3rd of its value (around Rs 31 lakh) today after 20 years.

How can I earn 10 crores in 10 years?

Investing in an equity mutual fund scheme via an SIP is the best way to achieve your long-term goals….Investing via Monthly Mutual Funds SIP.How to Get 10 Crore Investing in Mutual Funds. … Top 10 Performing Mutual Funds.How to Invest in Mutual Fund SIP Online?More items…•

Which is the best mutual fund to invest for 15 years?

Top 10 Long Duration Mutual FundsFund NameCategoryRatingNippon India Pharma FundEquity5starParag Parikh Long Term Equity FundEquity5starAxis Bluechip FundEquity5starAxis Midcap FundEquity5star7 more rows

Is 1 crore a lot of money?

People often take a ballpark figure as a goal and consider it adequate without going into details of its sufficiency. Most people consider Rs 1 crore to be an adequate retirement amount.

Can we deposit 1 crore bank?

If FD interest rate is 6.5%, then you get Rs 6.5 lakh on a fixed deposit of Rs 1 crore in a year. This means you get a monthly interest of Rs 54,167. … If FD interest rate is 7.5%, then you get Rs 7.5 lakh on a fixed deposit of Rs 1 crore in a year. This means you get a monthly interest of Rs 62,500.

How can I earn 10 crores in 15 years?

By investing Rs 1,00,000 per month for the next 15 years, you can achieve Rs 10 crore if you are able to generate annual returns of 20.5 per cent across all the schemes you are investing.

Which SIP has highest return?

Here’s a look at five such schemes:Axis Bluechip Fund. 5-year SIP returns: 15.57% … AXIS Focused 25 Fund. 5-year SIP returns: 15.25% … IIFL Focused Equity Fund. 5-year SIP returns: 14.71% … SBI Focused Equity Fund. 5-year SIP returns: 13.69% … Mirae Asset Emerging Bluechip Fund. 5-year SIP returns: 15.40%

Is 10 crore a lot of money?

While some people say that 10 crore is enough to retire comfortably in India, other professionals use a much broader, 80% thumb rule. The 80% thumb rule says that after you retire, you need enough money in your bank account to live on 80% of your current income for the rest of your life.