There are various ways pf investing in mutual funds by which you can generate a wealth of 1 crore in aproximately 15 years
let us understand it by taking example of Nifty 50 index fund(Large cap only)
Per month SIP: 20000
Expected rate of return: 12%
Investment duration : 15 years
Increment : 10 percent on yearly basis only
Inflation adjustment: 7%
Total invested amount: 76.25 lacs
Total wealth generated : 1.04 Cr (value after 15 years)
Total surplus : 27.94 lacs
By investing in such a manner you can generate a money whose actual value is worth 1 crore at that time because it is inflation adjusted value at that time .
My suggestion : If you are doing a good job or business means to say if you have a good source of income you must step up your SIP by atleast 15% so that you can generate more wealth during the same time span.
In this case return stats are as shown below:-
Invested amount: 1.14 Cr
Total wealth generated: 1.5 Cr (value after 15 years)
Total surplus : 36.09 lacs
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