Becoming a crorepati is one of the most common aspirations shared by most individuals – whether investors or the common man on the street. This is why ‘Kaun Banega Crorepati’ is one of the most popular television shows in India. The show keeps making a comeback year after year, but with every passing year, the show’s popularity keeps growing.
When we tell you slow, steady, regular small investments in mutual funds can make a crorepati; you must be scratching your head, wondering how is it possible. If a 25-year-old individual invests Rs. 20,684 per annum (just Rs. 1,724 per month) for the next 35 years, till his/her retirement, and if the investment earns an annual return of 12%, then he/she will have Rs. 1 crore on retirement. Investing Rs. 1,724 per month is very much within reach of most people across various income groups. So, yes, becoming a crorepati is very much possible with slow, steady, regular small investments in mutual funds.
BTW, but who was your favourite KBC host?
- Amitabh Bachchan
- Shah Rukh Khan