You must also feel that the money comes from somewhere and you become a millionaire overnight, just like in the movies. Now whether the truth of the movies is fulfilled in the real world or not, it cannot be said, but there is a way by which you can convert an investment of only Rs 1 lakh into Rs 1 crore.
If you have knowledge of share trading, then it is possible that you can convert an investment of Rs 1 lakh into Rs 1 crore very soon. If you do not have the knowledge of stock market, then what option do you have that your 1 lakh rupees become 1 crore, then the answer is mutual funds. However, how will it be done by investing in mutual funds, let us explain its complete calculation.
math to convert 1 lakh to 1 crore
Thus, by depositing some amount every month in mutual funds, a huge fund can be created in the long term. At the same time, you can earn good returns in the long term by depositing a large amount such as Rs 1 lakh at one go. There are many types of mutual funds available in the market, where you can earn good returns. The best option in this nowadays is the growth fund. Growth funds give good returns, although they carry a lot of risk. But that dialogue of 'Scam: 1992' series isn't 'risk hai to ishq hai', that is, good profit can be earned by taking risk.
If you want to convert Rs 1 lakh into Rs 1 crore from mutual funds. Then you should get at least 20.3 percent return on your investment for 25 years. Only by doing this, your 1 lakh rupees will be able to become 1 crore rupees. This amount will actually be Rs 1,01,54,082, which means your principal amount will also be returned and the interest income will also be good. However, getting 20 percent return in mutual funds is like a dream and generally this return remains at 12 to 15 percent only. Then with how many rupees you can create a fund of Rs 1 crore in 25 years, let us tell you…
This is how a fund of Rs 1 crore will be created
Let us assume that you are 25 years old now and you want a corpus of Rs 1 crore at the age of 50. If the standard return on mutual funds is considered to be 12 percent only, then you will have to deposit Rs 5,345 every month for 25 years. In this way, you can create a fund of Rs 1 crore by depositing just Rs 16.04 lakh. If you get more than 12 percent return then it will be a bonus for you.
Let us tell you that there are many such mutual growth funds present in the market whose returns in the last 3 years have been more than 12 percent. While the returns of some have been more than 20 percent. These include 'Quant Small Cap Fund Direct Plan', 'Quant Infrastructure Fund Direct Growth', 'Nippon India Small Cap Fund Direct', 'HSBC Small Cap Fund Direct', 'ICICI Prudential Commodities Fund Direct' and 'ICICI Prudential Infrastructure Direct Fund'. Is included.
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