We shall assume 3 scenarios, wherein investments made to achieve the stated objective (becoming a crorepati), yield returns of 12 per cent pa, 15 per cent pa and 17 per cent pa.
|Become a crorepati|
|Case 1||Case 2||Case 3|
|Rate of return (%)||12||15||17|
|Annual investment required (Rs)||41,437||23,002||15,445|
|Monthly investment required (Rs)||3,277||1,796||1,197|
As can be seen in the table, if your investments yield a return of 12 per cent pa, then you need to invest Rs 3,277 per month or Rs 41,437 pa (over 30 years). If you take on higher risk and the investments yield a return of 15 per cent pa, then the required monthly and annual investments drop to Rs 1,796 and Rs 23,002 respectively.
Finally, if the investments yield a return of 17 per cent pa, then you need to invest Rs 1,197 per month or Rs 15,445 pa.
Clearly, becoming a crorepati isn't as difficult as it is made out to be. All you need is a well-defined investment objective and a plan to get there. Of course an investment advisor/financial planner like PTIC will have a vital role to play in helping you make investments and ensuring that the investments deliver the results expected of them.
Source : ptcindia