Kaun Banega Crorepati (Millionaire)?
I am not talking about the famous TV Show. Not about any Lucky Draw. No, absolutely not, I am not talking about any Online Casino Game even. Rather, I am talking about your own savings. Yes, you read it correct. Now, you can be a crorepati by Smart Investments with Mutual Funds.
Kaun Banega Crorepati (Millionaire)-Smart Investments with Mutual Funds?
Now, anyone with INR 5000.00 can be a crorepati. That’s correct! If you invest INR 5000.00 wisely and regularly, you can be a crorepati. This is Smart Investments with Mutual Funds.
How to be a Crorepati (Millionaire)?
Start investing INR 5000.00 per month in mutual funds.
Now, increase your monthly investment by 15% each year. That means if you are investing INR 5000.00 per month in the first year, invest INR 5750.00 every month in the second year.
1st Year = INR 5000.00 pm
2nd Year = 15% more of 1st Year’s monthly investment
=15% * 5000 + 5000
=750 + 5000
=INR 5750.00 pm
3rd Year = 15% more of 2nd year’s monthly investment
=15%*5750 + 5750
=862.50 + 5750
=INR 6612.50 pm
And, so on
The most important step. This is the step where most of us tend to make mistakes or at times blunder as well. In this step, you need to keep calm and watch your savings grow into wealth.
Why Mutual Funds?
Correct question, why Mutual Funds? Why not savings in bank account?
Because, if you park your money in savings bank account or fixed deposit account, it will not help you beat inflation. Also, it will definitely not make you rich.
But, if you keep some of your savings aside and invest it in right mutual funds wisely, calmly & regularly, you will be a crorepati for sure. Be smart by Smart Investments with Mutual Funds.
Where to Invest?
There are few good companies with whom you can start investing in right mutual funds to be a smart crorepati. Following are the names of the companies:
There are many others as well. Go through all the terms & conditions in detail and then invest.
Make a Move:
Start investing INR 5000.00 today and make a move on the way to be a Crorepati (Millionaire).