Amazing scheme! You will become a crorepati in just ₹ 20,000 to 15 years, know the easy process .. - TechyWebTech
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Amazing scheme! You will become a crorepati in just ₹ 20,000 to 15 years, know the easy process ..

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    Inflation is eating up your earnings, so you need to earn some extra money. If you also want to add money for a specific goal, then definitely invest. The goal of becoming a millionaire can be achieved by investing just Rs 20,000 every month. How to become a millionaire is not a difficult task. Just need regular investment. With the right direction and medium, you can convert your small investment into crores.

    How to become a millionaire? An investment of just Rs 20,000 a month can make you a millionaire in a very short time. You must be earning lakhs but do you invest it in the right place? Whatever your answer, is it capable of fulfilling your future goals? Does the money invested in PPF or FD give enough returns to make big dreams come true? The answer would be no.

    Mutual fund will fulfill dreams: If you compare the returns from these investment options with rising inflation, you will find that either you are getting real returns of 1-2 per cent or you are getting less than inflationary returns. If you invest your Rs 20,000 in mutual funds, it will not take you long to become a millionaire.

    Formula to become a millionaire: According to Jitendra Solanki, Certified Investment Advisor, SEBI, one can become a millionaire by saving Rs 20,000 every month. If we assume a return of 13% every month on the amount invested, it will take only 15 years to become a millionaire. Achieving the goal of becoming a millionaire is easy and you can achieve it.

    Where to invest? Equity Mutual Funds are giving excellent returns in the long run. They are fully capable of earning a return of 13% per annum. Now the question arises that in which mutual fund should you invest your Rs 20,000 so that your goal of becoming a millionaire can be fulfilled? To achieve this goal, any investor must adopt a core-satellite investment strategy. Investors with such a goal should invest Rs 15,000 in large cap and multicap funds and Rs 5,000 in mid/small cap equity funds. Which are the mutual funds that have given great returns over a period of 5 years? Through this you will be able to choose the best equity funds.

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