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    9 Ways To Become Crorepati

    Uploaded by

    mmiimc@gmail.com
    This document outlines 9 ways to make 1 crore (10 million rupees) in 15 years through monthly savings and investment. It discusses life insurance policies, provident funds, debt funds, recurring deposits, fixed deposits, ULIPs, balanced funds, equity funds, and stocks. For each option, it provides the monthly savings required, expected returns, pros, cons, and tips. The options range from relatively safe investments like insurance and funds to riskier investments in stocks. Overall savings amounts range from 14,959 rupees per month for stocks to 34,386 rupees per month for some insurance plans.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    9 Ways To Become Crorepati

    Uploaded by

    mmiimc@gmail.com
    66 views13 pages
    This document outlines 9 ways to make 1 crore (10 million rupees) in 15 years through monthly savings and investment. It discusses life insurance policies, provident funds, debt funds, recurring deposits, fixed deposits, ULIPs, balanced funds, equity funds, and stocks. For each option, it provides the monthly savings required, expected returns, pros, cons, and tips. The options range from relatively safe investments like insurance and funds to riskier investments in stocks. Overall savings amounts range from 14,959 rupees per month for stocks to 34,386 rupees per month for some insurance plans.

    Original Description:

    Money Matters

    Original Title

    9 ways to become crorepati

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    This document outlines 9 ways to make 1 crore (10 million rupees) in 15 years through monthly savings and investment. It discusses life insurance policies, provident funds, debt funds, recurring deposits, fixed deposits, ULIPs, balanced funds, equity funds, and stocks. For each option, it provides the monthly savings required, expected returns, pros, cons, and tips. The options range from relatively safe investments like insurance and funds to riskier investments in stocks. Overall savings amounts range from 14,959 rupees per month for stocks to 34,386 rupees per month for some insurance plans.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    66 views13 pages

    9 Ways To Become Crorepati

    Uploaded by

    mmiimc@gmail.com
    This document outlines 9 ways to make 1 crore (10 million rupees) in 15 years through monthly savings and investment. It discusses life insurance policies, provident funds, debt funds, recurring deposits, fixed deposits, ULIPs, balanced funds, equity funds, and stocks. For each option, it provides the monthly savings required, expected returns, pros, cons, and tips. The options range from relatively safe investments like insurance and funds to riskier investments in stocks. Overall savings amounts range from 14,959 rupees per month for stocks to 34,386 rupees per month for some insurance plans.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 13

    9

    Ways Become a Crorepati


    How to
    make 1
    crore in
    15
    Years
    You can make

    1 crore in
    15 years.
    I am going to
    show you 9
    ways to
    achieve this.
    • Relatively Safe
    pro • Tax Free corpus on maturity
    LIFE • Tax saving
    INSURANCE
    POLICIES • Very Low returns
    Con
    • Returns could be higher in
    long term
    • Life cover offered is lower
    than other Term Plans
    Monthly Savings 34,386
    Required
    Returns 6%

    Keep in Your policy should cover 10 times of your


    Mind annual premium to get tax benefit
    • Relatively Safe
    pro • Tax Free corpus on maturity
    • Tax deduction incase you
    PROVIDENT withdraw money during
    FUND,PPF emergencies
    Con • Contribution linked to your
    basic salary
    • There is limit on
    investment of 1 lakh per
    Monthly Savings 27,641 year.
    Required
    Returns 8.5%

    Keep in You can increase your investment by


    Mind voluntary PF contribution, subject to
    applicable limits.
    • No tax during investment
    pro period
    • Lower tax rate on withdrawal
    DEBT
    • Relatively safe , if you choose
    FUNDS from a good fund house
    Con • Returns are market linked
    • The rate of return may
    change as per market
    conditions
    Monthly Savings 26,427
    Required
    Returns 9%

    Keep in You can benefit from inflation indexation,


    Mind that reduces your tax rate further low
    • Safe investment
    pro • Interest rate fixed for the
    tenure of investment
    RECURRING • Assured return
    DEPOSITS
    • Income is fully taxable
    Con
    • Not possible to lock in for
    15 years
    • Max tenure offered by
    banks is 10 years
    Monthly Savings 34,386
    Required
    Returns 6%

    Keep in Tax to be paid on income every year,


    Mind even though you get sum on maturity
    • Safe investment
    pro • Assured returns
    FIXED • Returns vary from bank to
    bank
    DEPOSITS
    • Rates may change in future
    Con
    • No option to invest for 15
    years
    • Maximum tenure 10 years
    Monthly Savings 27,641
    • Income is fully taxable
    Required
    Returns 8.5%

    Keep in Have to open a new FD every month.


    Mind Can’t add to existing account
    • Tax deduction on investment
    pro • Tax free growth
    • Life cover is bonus
    • Possible to tweak allocation
    ULIPS
    • High charges compared to
    Con
    Mutual Funds
    • Returns are market linked

    Monthly Savings 24,127


    Required
    Returns 10%

    Keep in No tax benefit , if the policy does not


    Mind cover 10 times of the annual premium
    • No tax deducted during
    pro growth phase
    • Higher debt allocation makes
    BALANCED thise funds stable
    FUNDS
    • Returns are market linked
    Con
    • Returns may vary as per
    market performance

    Monthly Savings 24,127


    Required
    Returns 10%

    Keep in Tax law changes may impact the return


    Mind
    • Best option for small investors
    pro • Diversified basket reduces risk
    EQUITY • Corpus is tax-free or very low
    tax
    FUNDS
    • Returns are market linked
    Con
    • Past performances of
    equity funds many not
    continue in future

    Monthly Savings 20,017


    Required
    Returns 12%

    Keep in Its not possible for a fund house to


    Mind consistently out perform market
    • Stocks offer highest return
    pro potential
    • Lower cost
    STOCKS • Dividend income is bonus

    Con • Not easy for small investors


    • Risky if invested without
    proper knowledge

    Monthly Savings 14,959


    Required
    Returns 15%

    Keep in Demat charges high, if you buy stock in


    Mind low quantity
    Thank you

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    Editor: Biju George, Sound : bensound.com

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