Earning Rs. 50,000 a month and aiming for a Rs. 1 crore corpus in 15 years is like embarking on a trek to a majestic mountain top. It’s ambitious but with a steady stride and a clear path, it’s achievable.
- Start Early, Invest Regularly: Time is your greatest ally. Make a habit of setting aside a certain amount every month towards your investment. Aim to invest around 30-40% of your income, if possible.
- Equity Mutual Funds via SIP: Start a Systematic Investment Plan (SIP) in equity mutual funds. With an average return rate of 12%, investing Rs. 14,000 per month should help you reach your goal.
- Public Provident Fund (PPF): Consider maxing out your PPF contribution every year. The long tenure of 15 years and attractive interest rates make it a reliable choice.
- Diversification: Spread your investments across various asset classes. This reduces risk and offers multiple growth opportunities.
- Professional Advice: A SEBI registered advisor, like Jama Wealth, can help you design a personalized investment plan.
Remember the words of Benjamin Graham, “The individual investor should act consistently as an investor and not as a speculator.” The trek to Rs. 1 crore is a test of your investment discipline, consistency, and patience. So, lace up your boots, mark your trail and start your investment journey.
