te Crorepati Calculator: Want Rs 4 crore? Use this trick to get it; expert explains in brief | Zee Business

Crorepati Calculator: Want Rs 4 crore? Use this trick to get it; expert explains in brief

Mutual Funds Crorepati Calculator:Zee Business Mutual Fund Helpline has come out with a unique Systematic Investment trick that will enable an investor to generate Rs 4 crore in just 25 years. 

Crorepati Calculator: Want Rs 4 crore? Use this trick to get it; expert explains in brief
Tax and investment expert Joydeep Sen is of the opinion that getting to the Rs 4 crore investment goal is possible through SIP provided the investor increases monthly SIP every year.

Mutual Funds Crorepati Calculator: Want to retire rich but don't have a big lumpsum amount for investment purposes? No worry at all! Zee Business Mutual Fund Helpline has come out with a unique Systematic Investment trick that will enable an investor to generate Rs 4 crore in just 25 years. Tax and investment expert Joydeep Sen is of the opinion that getting to the Rs 4 crore investment goal is possible through SIP provided the investor increases monthly SIP every year.

Joydeep Sen, Founder, Wiseinvestor.in, said, "To achieve an investment goal of Rs 4 crore after 25 years requires an investor to start a monthly SIP from Rs 17,000 to Rs 18,000 assuming an annual investment returns of 10 per cent." However, he said that much depends upon the risk appetite of the investor. 10 per cent return is expected from investment in low risk involved mutual funds SIP like mid-cap, multi-cap etc.

See Zee Business Live TV streaming below:

TRENDING NOW

Sen said that if someone has higher risk appetite then one can move on to small-cap mutual fund plans as these would give higher returns. But he said that even after having a high-risk appetite, one won't be able to achieve this investment goal through Rs 17,000 to Rs 18,000 SIP only. The investor will need to use some trick to reach Rs 4 cr mark. And most preferred trick is to step-up monthly SIP by 10 per cent per annum.

Watch full coverage in video below:

Sen said that by increasing the monthly SIP by 10 per cent, one will be able to minimise the mutual funds market risk and would become assured about achieving Rs 4 crore investment goal in 25 years.

Written By: ZeeBiz WebTeam
Edited By: Harish Dugh
Updated: Sat, Aug 29, 2020
03:10 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Mutual fund guide: Can I withdraw funds anytime? Here are important factors to consider Mutual fund guide: Can I withdraw funds anytime? Here are important factors to consider
Mutual fund redemptions increased 39% in 2023 Mutual fund redemptions increased 39% in 2023
Mutual fund data: Net AUM above Rs 50 lakh crore mark for first time; monthly SIP inflows at record Rs 17,610 crore Mutual fund data: Net AUM above Rs 50 lakh crore mark for first time; monthly SIP inflows at record Rs 17,610 crore
SIP Investment: How one can become a crorepati at 50 by investing just Rs 200 a day SIP Investment: How one can become a crorepati at 50 by investing just Rs 200 a day
Tata Asset Management launches 4 new funds focusing on gold and silver: Check NFO opening, last date, fund details Tata Asset Management launches 4 new funds focusing on gold and silver: Check NFO opening, last date, fund details

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x