Quick Answer: How Can I Earn 50 Lakhs In 15 Years?

What will be the value of 1 lakh after 15 years?

By investing Rs 1.5 lakh every year, one can save Rs 46.75 lakh in 15 years.

In 30 years, the amount will be Rs 2.10 crore..

How can I make 50 lakhs in a year?

How Can You make Rs. 50 lakh in 5 years?1.HDFC Small Cap Fund.2.L&T Emerging Businesses Fund.Parag Parikh Long Term Equity Fund.Mirae Asset India Equity Fund.The Moderate Investor.1.Invesco India Contra Fund.Axis Focused 25 Fund.3.Principal Focused Multicap Growth Fund.More items…•

What will 30k be worth in 20 years?

How much will an investment of $30,000 be worth in the future? At the end of 20 years, your savings will have grown to $96,214. You will have earned in $66,214 in interest.

How can I earn 1 crore?

HOW TO EARN 1 CRORE RUPEES? (You want THIS)Write down your Goals:How many customers do you need to make 1 crore?13 Ways to make 1 Crore:The Ever-expanding market:Opportunity:Finding Gold:Sales solve all your problem:Key Basic skill:More items…•

What business can I start with 5 lakhs?

20 ventures you can start with Rs 5 lakh!BusinessSkills neededAmount you need to start (Rs)Food deliveryMarketing and sales15,000Uniform makingMan management20,000Property managementMarketing and sales50,000Telecom Business ConsultantcyNetworking50,00016 more rows•Oct 26, 2007

How can I save 50 lakhs in 15 years?

You are investing in a tax saver mutual fund scheme (ELSS) and a midcap scheme. You should invest in an ELSS only if you want to save taxes under Section 80C of the Income Tax Act. Investments in ELSS qualify for tax deductions of up to Rs 1.5 lakh.

How can I become Crorepati in 15 years?

If you have an investment horizon of 15 years and the expected rate of returns on the investment is 10%, then by the time you are 45 years old, you will have a corpus of Rs. 1.02 crores. Thus, it is evident from the above example that you need to invest Rs. 25,000 per month for the next 15 years to meet this goal.

How much should I invest to get 1 crore?

The easiest way of amassing Rs 1 crore with mutual funds is following the 15*15*15 rule. It says that if one invests Rs 15,000 a month for a period of 15 years in a fund, which offers returns at the rate of 15%, then they would accumulate Rs 1 crore.

What is Blue Chip Fund?

A blue-chip mutual fund is the one that invests in blue-chip stocks or shares, i.e. in well-established companies with excellent overall financial performance.

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.

Is SIP safe for long term?

SIP is generally marketed as a safe and sure route for investments in equities to create wealth over the long term. SIP is certainly safe for mutual funds and distributors because they get committed continuous money for the long term on which they can earn a fixed percentage of fees and commissions.

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.

Can I get 50 lakhs loan?

50 Lakhs loan will not be the same for all. It depends on the interest amount fixed on the loan and the tenure. Now, every lender provides a home loan EMI calculator on their website. Using the calculator, you can find the EMI amount for different interest rates and tenures.

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.

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%, then you get Rs 7 lakh on a fixed deposit of Rs 1 crore in a year. This means you get a monthly interest of Rs 58,333.